Ronshin Culture Plans to Sell Entire 25% Stake in Associate CDP

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2▲1 ▼0Impact / 5
Summary · why it matters

Ronshin Culture announced that its wholly owned subsidiary Ronshin International plans to sell its 25% stake in CDP to Scholastic Inc., a wholly owned subsidiary of Scholastic Corporation. Upon completion of the transaction, the company will no longer hold any equity in CDP.

Impact on assets 1

Communication Services▲
Scholastic Corporation
SCHL
▲ PositiveCapitalrelevance

Scholastic Inc. is acquiring a 25% stake in CDP from Ronshin International, an M&A/investment transaction.

Off-coverage companies 1

Cassa Depositi e Prestiti S.p.A.i
Private± MixedCapitalrelevance

CDP is the associate whose 25% stake is being sold to Scholastic; the article gives no clear positive or negative implication for CDP itself.