Huawen Group
Chinese media company
From Wikipedia, the free encyclopedia
Huawen Group (Chinese: 华闻传媒) is a private-sector publicly listed Chinese media holding company. It is one of the 500 components of the SZSE Component Index, as well as the sub-index SZSE 300 Index and SZSE 100 Index.
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| Formerly | Huawen Media Investment Corp., Ltd. | ||
|---|---|---|---|
| Type | Public | ||
| SZSE: 000793 | |||
| Headquarters | China | ||
| Revenue |  CN¥4.336 billion (2015) | ||
| CN¥1.064 billion (2015) | |||
| Total assets | CN¥12.818 billion (2015) | ||
| Total equity | CN¥8.842 billion (2015) | ||
| Owner | Global Broadcasting A.M. (11.15%) | ||
| Chinese name | |||
| Simplified Chinese | 华闻传媒投资集团股份有限公司 | ||
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| Alternative Chinese name | |||
| Simplified Chinese | 华闻传媒 | ||
| Traditional Chinese | 華聞傳媒 | ||
| |||
| Website | 000793.com | ||
| Footnotes in consolidated basis[1] | |||
Acquisitions
In 2006, the company acquired the commercial brokerage rights of the Securities Times (a newspaper under state-owned People's Daily) for 30 years.
In 2016, Huawen Media Investment subscribed the new shares of China International Broadcasting Network (CIBN, traded as Chinese: 国广东方网络（北京）有限公司).[2] After the deal, Huawen Media owned a 30.9996% stake, while Global Broadcasting Media Group owned a 34% stake and was the largest shareholder.[3] Global Broadcasting Media Group was also the indirect major shareholder of Huawen Media Investment.[citation needed]
Shareholders
The largest shareholder of the company was (Chinese: 国广环球资产管理有限公司; lit. 'Global Broadcasting Asset Management') with 11.15% of the shares. Global Broadcasting Asset Management is a subsidiary (58.0344%) of Global Broadcasting Media Group (Chinese: 国广环球传媒控股有限公司). Global Broadcasting Media Group is a joint venture (50–50) of state-owned broadcasting company China Radio International with a private company.[4]
