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Wasu Media Holding: 2024 Half-Year Performance Bulletin
Benign Growth For Wasu Media Holding Co.,Ltd (SZSE:000156) Underpins Its Share Price
Wasu Media Holding (000156.SZ): Wholly-owned subsidiary Wasu Technology increased capital and the company waived its preferential subscription rights.
On June 21st, Gelunhui reported that a wholly-owned subsidiary of Wasu Media Holding (000156.SZ), Wasu (Zhejiang) Technology Co., Ltd. (referred to as "Wasu Technology"), intends to increase its registered capital. Wasu Media Holding, the company's controlling shareholder, will contribute its wholly-owned subsidiary, Wasu Cloud Technology Co., Ltd., which holds 100% equity, to subscribe for a registered capital of 185,377,600 yuan. Wasu Media Holding waives its priority subscription rights for this capital increase. After the completion of this capital increase, the company's equity stake in Wasu Technology will decrease from 100% to 35.04%, and Wasu Technology will change from a wholly-owned subsidiary to a subsidiary of the company.
Wasu Media Holding (000156.SZ): Has attempted to cooperate with some short drama platform companies on content auditing businesses.
On June 20, 2024, Wasu Media Holding (000156.SZ) accepted a specific investigation on "the company's layout in the micro-drama field?" The company replied that it actively pays attention to the development opportunities of relevant industries, explores industrial opportunities combined with the company's main business, and plays the advantages of the company's license, channel, platform and other advantages, integrates upstream and downstream industry chain resources, empowers the production of micro-drama premium content, actively responds to policy requirements, participates in the content audit of micro-dramas, and has tried to cooperate with some short drama platforms for content audit business, which has not yet affected the company's performance.
Wasu Media HoldingLtd (SZSE:000156) Stock Falls 3.4% in Past Week as Five-year Earnings and Shareholder Returns Continue Downward Trend
Wasu Media HoldingLtd's (SZSE:000156) Shareholders Have More To Worry About Than Only Soft Earnings
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