Xinhua attributes the adjustment of business to the direction of education development

Every reporter Li Lingxia announced last week that the 260 million yuan acquisition of Sichuan Institute of Foreign Languages Chengdu College 24.3% Equity, Xinhua attributes (00811,HK) yesterday issued a notice announced that the proposed adjustment of the company's business strategy.　　Xinhua attributes the current mainly engaged in the operation of books and audio-visual products retail outlets, the distribution of teaching materials and teaching assistance and to the Chinese book publishers to provide ancillary support and services. Xinhua attributes the Board of directors proposed to expand the company's existing major publishing business, grasp the opportunities brought about by the reform of China's press and publication system, realize the company's publishing industry chain integration operation.　　In addition, the company also proposed to actively develop the media and cultural education related business, in order to develop the company as China's main cultural media group.　　Xinhua attributes the Board of Directors that the adjustment of the company's new business strategy will help the company's competitiveness and profitability, and help the company achieve a better business model and marginal profits. On the evening of Monday, Xinhua attributes the announcement to acquire a 24.3% per cent stake in Chengdu College, Sichuan Institute of Foreign Languages, at the cost of 260 million yuan. Chengdu College is a full-time higher academic education independent College, founded by Sichuan Foreign Language College and Derek.