China National Culture Group Limited 中國國家文化產業集團有限公司

The Enigma Network: 50 stocks not to own
Sometimes, all you need to tell a story is a picture. (15-May-2017)
China National Culture (0745): our CEO quit 10 months ago...
Company announcement, 1-Apr-2015
...but we didn't think it mattered enough to tell you. His contribution was valuable. Well, not that valuable. And no, this is not an April Fool's joke.
China Railsmedia (0745) to pay HK$2bn for start-up with negative NAV.
Company announcement, 7-Apr-2014
The start-up has net liabilities of HK$68k. The vendor is a BVI company called i-Marker Global Corp and the owner(s) of this shell are not disclosed in this announcement. Back on 17-Jan-2013, China Railsmedia signed an MoU to buy i-Marker Global Corp - but apparently nothing came of it.
China Railsmedia (0745) signs MoU to buy i-Marker Global Corp
Company announcement, 17-Jan-2013
Raking muck, Part 5
In the penultimate episode, we look at a transaction in progress by Railsmedia (0745) and how it connects with CPEC (8041), COMG (0254) and 3 shells. We also introduce a 10th listed company to the story, Zhi Cheng (8130) which has such a track record of value destruction that it has consolidated its shares by 200,000 to 1 since 2007. (11-Mar-2012)
Raking muck, Part 2
Continuing our series, we look at a set of over-priced acquisitions and questionable transactions by China Post e-Commerce and others, building a matrix which demonstrates the close connections between the persons involved. We call on the SFC to investigate. (27-Feb-2012)
Raking muck, Part 1
In the first of a multi-part series, we delve into a transaction by the HK offshoot of Xinhua, the PRC's official news agency, and the people behind it. (21-Feb-2012)
Tsun Yip (8356) buys 17% of China New Media (HK) Co Ltd from Vicky Yu Wai Yin
Company announcement, 29-Jul-2011
For HK$70.04m of which $25m in cash and $45.04m in promissory notes. This follows the earlier purchase of 19% by Inno-Tech (0254) and the purchase 3 days ago of 7% by China Railsmedia (0745). The target is 51% owned by China Outdoor Media (8202). Its valuation is still claimed at $412m despite being loss-making and having negative net assets of $1m.
China Railsmedia (0745) buys 7% of China New Media (HK) Co Ltd from Vicky Yu Wai Yin
Company announcement, 26-Jul-2011
For HK$28.8m, of which $13m in cash and $15.8m in promissory note.
Concentration warning
Company announcement, 1-Nov-2007

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