Heilongjiang Xinhua Bookstore Group Co., Ltd. announced that it expects to receive CNY 20 million in funding from Heilongjiang Publishing & Media Co., Ltd.
December 05, 2022
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Heilongjiang Xinhua Bookstore Group Co., Ltd. announced that it will receive CNY 20,000,000 in an equity round of funding from returning investor Heilongjiang Publishing & Media Co., Ltd. on December 6, 2022. The transaction was approved by the parent company in its 14th meeting of the third board of directors and the 8th meeting of the third board of supervisors. After the capital increase, the company still holds 100% in the company.
Heilongjiang Publishing & Media Co Ltd is a China-based teaching material and auxiliary service provider. The Company operates its business through three segments. The Publishing segment is mainly engaged in the publishing business of teaching materials, general books and audio-visual products. The Distribution segment is mainly engaged in the distribution of teaching materials, general books and audio-visual products. The Printing segment is mainly engaged in the printing of various books and the procurement and sales of paper, equipment and other materials and products. The Company mainly conducts its business in Heilongjiang Province, China.
Heilongjiang Xinhua Bookstore Group Co., Ltd. announced that it expects to receive CNY 20 million in funding from Heilongjiang Publishing & Media Co., Ltd.
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