Loading...
Loading...
SearchMedia Holdings Limited
IDIIDI, one of China's leading nationwide multi-platform media
companies, today announced that it now has direct equity control of its
subsidiaries and has terminated its Variable Interest Equity
structure.
The Company believes that having full equity and operational control of
subsidiaries is more advantageous to the Company and its shareholders since
the Company's subsidiary Ad-Icon Company Limited now meets the various
regulatory requirements under Chinese law necessary for direct operation in
the media industry.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in