Certain A Shares of Shandong Publishing&Media Co.,Ltd are subject to a Lock-Up Agreement Ending on 10-NOV-2020.
November 09, 2020
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Certain A Shares of Shandong Publishing&Media Co.,Ltd are subject to a Lock-Up Agreement Ending on 10-NOV-2020. These A Shares will be under lockup for 1096 days starting from 10-NOV-2017 to 10-NOV-2020.
Details:
The company’s controlling shareholder Shandong Publishing Group Limited and its wholly-owned subsidiary Shandong Xindi Investment Co., Ltd. committed that to not transfer or entrust to a third party the company’s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 36 months from the company’s share listing date.
The company’s other shareholders committed that to not transfer or entrust to a third party the company’s shares they hold directly or indirectly before the public offering, or allow the company to repurchase these shares within 12 months from the company’s share listing date.
Shandong Publishing & Media Co Ltd is a China-based company primarily engaged in the publishing, issuing, printing and material trading of books, periodicals and electronic audio-visual products. The Company operates five segments. The Publishing segment engages in the publishing of teaching materials, general books, periodicals, electronic audio-visual products and digital products. The Issuing segment engages in issuing, wholesale, retail and chain operation of teaching materials, general books, electronic audio-visual products, newspapers and periodicals and other publications. The Material Trading segment engages in materials supply business and foreign trade business. The Printing Business segment engages in internal and external printing businesses. The Other segment engages in software development, logistics business, online education platform, hotel services and other businesses. The Company conducts its businesses in the domestic market.