Hunan TV & Broadcast Intermediary Expects to Bost Q3 Profit From Investee Company Listing

MT Newswires Live10-09

Hunan TV & Broadcast Intermediary (SHE:000917) expected an increase of about 110.8 million yuan in its third-quarter profit from the listing of Guangzhou Ruili Komi Automotive Electronics (SHE:001285) on the Shenzhen Stock Exchange.

Guangzhou Ruili Komi Automotive Electronics was listed Sept. 30, according to a Thursday filing on the Shenzhen bourse.

Hunan TV & Broadcast Intermediary holds a 2.3% post-IPO stake in Guangzhou Ruili Komi Automotive Electronics through its subsidiary, DaChen Venture Capital.

Shares of the media company were up 1% in recent trade.

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