Baosheng Media sells long-aged receivables, prepaid asset for RMB 8.56 million
BAOS•Asset sale to Guangzhou Nengren Advertising
Baosheng Media Group subsidiaries agreed to sell long-aged receivables and a prepaid account to Guangzhou Nengren Advertising for RMB 8.56 million.
The assets carried a book balance of RMB 226.23 million as of April 30, 2026. An independent appraisal valued the assets at RMB 8.56 million as of the same date.
The buyer paid a RMB 2.56 million deposit. Another RMB 1.72 million is due within five business days to complete the first 50% installment, and the final RMB 4.28 million is due within one month. Ownership transfers once the purchase price is paid in full.
