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China South Publishing & Media Group (601098.SH): plans to terminate the China South Education Composite Publishing Project and other fundraising projects.
On December 24, Greentown Holdings announced that China South Publishing & Media Group (601098.SH) plans to terminate the following fundraising projects: "The China South Basic Education Composite Publishing Project", "The National Publication Marketing Channel Construction Project", "The Hunan Xinhua Bookstore Regional Center Store Renovation and Upgrade Project", "The Hunan Xinhua Bookstore E-Commerce Platform Project", and "The China South Publishing & Media Group Publishing and Distribution Information Platform Construction Project". The total amount that has not yet been invested in these projects is 764.9731 million yuan, which will continue to be stored in a special account for raised funds and will be used for new projects after proper evaluation and related review procedures are fulfilled in the future.
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