Baosheng Media sells long-aged receivables, prepaid asset for RMB 8.56 million

Bitget2026/09/18 21:01

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Baosheng Media Group subsidiaries agreed to sell long-aged receivables and a prepaid account to Guangzhou Nengren Advertising for RMB 8.56 million.
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 April 30, 2026.
Buyer paid a RMB 2.56 million deposit; another RMB 1.72 million due within five business days to complete the first 50% installment.
Final RMB 4.28 million due within one month; ownership transfers once the purchase price is paid in full.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Baosheng Media Group Holdings Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-108972), on September 18, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Baosheng Media sells long-aged receivables, prepaid asset for RMB 8.56 million

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