LG Health plans to acquire 21% stake in CCTV in cash to enhance sales capacity.

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Recently, LG Health announced that it plans to pay 200 million yuan in cash to buy the 21 percent stake in Beijing CCTV United Media Investment Co., Ltd. Held by Huang Yongwei, Huang Tingting and Longhua Jiada, which is jointly owned by Huang Yongwei and Huang Tingting. Recently, LG Health announced that it plans to pay 200 million yuan in cash to buy the 21 percent stake in Beijing CCTV United Media Investment Co., Ltd. Held by Huang Yongwei, Huang Tingting and Longhua Jiada, which is jointly owned by Huang Yongwei and Huang Tingting.

recently, LG Health announced that it plans to pay 200 million yuan in cash to acquire the 21% stake in Beijing CCTV United Media Investment Co., Ltd. Held by Huang Yongwei, Huang Tingting and Longhua Jiada, which is jointly owned by Huang Yongwei and Huang Tingting. After the completion of this transaction, the company will hold a 21% stake in CCTV.

Huang Yongwei, Huang Tingting, Longhua Jiada and CCTV jointly promise that the cumulative net profit of CCTV in 2017, 2018 and 2019 will not be less than 270 million yuan, of which the net profit will not be less than 80 million yuan in 2017, 90 million yuan in 2018 and 90 million yuan in 2019.

the company said that at present, the company is weak in terms of media resources and marketing ability, the target company's own main business is sound, and the layout of related health sectors is reasonable. The company can make use of the diversified media resources of the target company to promote and enrich product sales channels.

Edit: xiongwei