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DuZhe Publish&MediaLtd (SHSE:603999) Is Doing The Right Things To Multiply Its Share Price
Duzhe Publish & Media Ends Huizhou Reader Cultural Park Project
duzhe publishing&media (603999.SH): plans to withdraw from the Huizhou Reader Cultural Park project.
Gelonghui, December 4th: Duzhe Publishing&Media (603999.SH) announced that the company has decided to withdraw from the Huizhou Reader Culture Park project (referred to as 'the project' or 'Huizhou project'), terminating the naming rights of 'Duzhe' to the project, and publicly listing the transfer of shares holding 10% of Huizhou Reader Culture Development Co., Ltd. (referred to as 'Huizhou Reader') by Duzhe Publishing&Media and its subsidiary company, Duzhe Gansu Digital Technology Co., Ltd. (referred to as 'Duzhe Digital'). After reaching a consensus through negotiations with the partners, a supplementary agreement is planned to be signed, stipulating that the company will receive a brand licensing fee of 14.4 million yuan after the withdrawal, to be paid by relevant parties in the future.
duzhe publishing&media (603999.SH): The number of users on the 'Readers' WeChat official account has increased to 7.66 million, with an annual reading volume of 0.11 billion.
On November 29, 2023, Duzhe Publishing & Media (603999.SH) stated on the interactive platform that for many years, the company has relied on the content resources of 'Duzhe' to create a new media matrix and build its own integrated media ecosystem, covering over 70 million users. Among them, the users of the 'Duzhe' WeChat public account increased to 7.66 million, with an annual reading volume of 0.11 billion, earning the title of 'most popular new media reading account.' The official 'Duzhe' account on Douyin has 1.672 million followers and received 7.11 million likes. New video account stores for Duzhe's reading club, Duzhe weibo store, 'Duzhe cultural and creative' Tmall flagship store, 'Duzhe cultural and creative'...
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