Reuters logo
BRIEF-VisionChina Media says terminates sale of equity interest in Subway Mobile TV ad business
2017年2月27日 / 下午2点17分 / 9 个月前

BRIEF-VisionChina Media says terminates sale of equity interest in Subway Mobile TV ad business

Feb 27 (Reuters) - VisionChina Media Inc

* VisionChina Media terminates transaction selling equity interest in its Subway Mobile TV advertising business

* VisionChina Media Inc - termination was due to “parties’ disagreement over operating management philosophy for new culture”

* VisionChina Media Inc - pursuant to termination agreement, company will regain 49% equity interest in new culture from Ledman

* VisionChina Media Inc - will repay Ledman rmb61.0 million cash consideration, with interest equivalent to that earned in a bank deposit for same duration

* VisionChina Media Inc - in addition, company will repay RMB321.2 million in cash over next three years by selling 17.1 million shares of Ledman Source text for Eikon: Further company coverage:

我们的标准:汤森路透“信任原则”
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below