StockGuru Blog: ChinaMedia Group – Finding Longterm Investments
ChinaMedia Group StockGuru Profile CHMD.OB CHINA MEDIA GROUP CORPORATION filed an 8-K with the SEC on July 17, 2007. Link Here. This 8-K is worthy of review and has significant positive implications for CHMD both for the short term and the very long term. On July 14, 2007, China Media Group Corporation entered into a Stock Right Transfer Agreement with the shareholders of Conwood Industrial Limited (”CIL”) to acquire 70% of the issued and outstanding shares of CIL. The consideration for the acquisition of these shares shall be RMB 13 million. Under the terms of the Agreement, the closing of…