Summary by Moomoo AI
Micro-Union Group (stock code: 2013) announced on 16 January 2024 that it is making preliminary business restructuring plans for its wholly-owned subsidiary Shanghai Micro-Jie Cultural Media Limited. THE RESTRUCTURING PLAN MAY INVOLVE TRANSFERRING MORE THAN 50% OF THE TARGET COMPANY'S EQUITY TO A POTENTIAL BUYER AT A TRANSFER PRICE BASED ON AN OVERALL VALUATION OF THE TARGET COMPANY OF NOT LESS THAN RMB36 BILLION AND AN EXPECTED CASH PRICE OF NOT LESS THAN RMB18 BILLION. The target company focuses on providing one-stop marketing operations for Chinese enterprises, this potential transaction aimed at seeking a partial or total listing of the target company in the domestic capital market. Micro-Alliance Group said that the transaction, if completed, would help reduce the impact...Show More