Changes in Hong Kong stocks | Xinhua Wenxuan (00811) is nearly 3% and plans to acquire all shares of Sichuan Minzu Publishing House for 346 million yuan

The Zhitong Finance App learned that Xinhua Wenxuan (00811) opened nearly 3% higher. As of press release, it rose 2.98% to HK$8.3, with a turnover of HK$6.98,600.

According to the news, Xinhua Wenxuan issued an announcement. On September 21, 2026, the board of directors deliberated and passed the “Proposal on the Company's Acquisition of 100% of the Shares of Sichuan Minzu Publishing Co., Ltd.” and approved matters relating to the potential acquisition. The company (as the buyer) intends to enter into an equity transfer agreement with Sichuan Xinhua Publishing and Distribution Group (as the seller) on the potential acquisition. Based on this, Sichuan Xinhua Publishing and Distribution Group will agree to the sale, and the company will agree to purchase the target shares at a cost of RMB 346 million.

In recent years, the Group has focused on strategic planning, focusing on the development of the main publishing and distribution business. The target company has an authoritative position and scale advantage in the fields of Tibetan, Yi, and ethnic scholarship, and has accumulated rich ancient ethnic literature, academic resources and a team of authors, and the brand influence is remarkable. The potential acquisition will help the company further improve its layout in the field of national publishing content, enrich the content supply system, enhance industrial resilience and core competitiveness, and help the high-quality development of the main business. At the same time, it will help resolve potential peer competition issues with controlling shareholders and further ensure corporate governance compliance.