Zhejiang news media 49.41 million yuan investment in the Chinese Olympic star Holdings 36%

August 27 Evening News, Zhejiang News media announced today that the company and the company approved by the third party to increase the stake in the star, the joint investment of 67.25 million yuan, accounted for the increase in the capital of the stars after the 49%. One of Zhejiang newspaper media investment 49.41 million yuan, holding a 36% stake in the Chinese Olympic star.

After the completion of the increase in investment, the Chinese Olympic star ownership structure into: China Sports newspaper head office shareholding 40.8%, China National Sports Association shareholding 7.65%, the Chinese Olympic Committee shareholding 2.55%, Zhejiang newspaper Media holding 36%, Zhejiang news Media recognized third party holding 13% equity.

The 2012 annual unaudited consolidated financial data is: the total assets of 13.13 million yuan, net assets of 11.06 million yuan, operating income of 18.31 million yuan, net loss of 1.16 million yuan.

The Chinese Olympic star is approved by the State Sports administration, by the National Federation of Sport and the China Olympics Committee was established, on September 22, 2003 in Beijing city administration for Industry and Commerce registered, registered capital of 5 million yuan.

The existing main business of the star of China is the network media business, the electronic athletics business, the sports news agency business and the four major sections of sports video business, among which, the net media business income constitutes the main part of the income.

Through the long-term authorization of the Chinese Olympic Committee, the official website of the China National Sports Association and the official website of the Chinese Football Association of China National Federation of Sports, China Athletics Association, China Billiards Association, China Ping Super League and other sports associations of the official website of the construction, operation, maintenance and management.

July 2013, approved and authorized by the National Sports Administration Information Center, the Chinese Olympic star and Zhejiang news media have jointly hosted the nationwide Electronic Competition Contest (NEST), and become the only national comprehensive electronic competitive sports event officially recognized by China.

Zhejiang newspaper Media in the announcement that through this increase, will be conducive to the media to strengthen the Zhejiang newspaper and China Sports newspaper head office and the star of the strategic cooperation, to promote the Shanghai-Hao party electric competition platform to the national Electronic Competition Platform transformation, and further promote the Hangzhou winger and Shanghai Hao Fang platform competitive development strategy. (Lin Lin)