M-INMultimedia Intelligent Networking
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Xinhua Finance Media (Nasdaq: XFML), a diversified financial and entertainment media company based in China, announced on Friday (15 June) that the company has completed its acquisition of a 100% interest in Beijing Mobile Interactive Co Ltd (M-in).
Under the terms of the acquisition agreement, XFMedia will acquire 100% control of M-in through the purchase of 100% of the shares of East Alliance Limited, a company which conducts M-in's business through its wholly owned subsidiary and affiliated entities in China.
Ao Meng, chief executive officer of M-in, and the company's key management have signed employment contracts with XFMedia, and will remain with the company.