Five strategic investors including Fortune Venture Capital pumped RMB455M into Central South Publishing & Media Group (Central South Media), a subsidiary under the flag of Hunan Publishing Investment Holding Group that plans to launch an IPO, on Jul.29. The recent capital injection is expected to push Southwest Media along the fast track towards its objective.

 

At the same day, Central South Media held the signing ceremony for the introduction of five strategic investors, namely Hunan Red Horse Venture Capital Co., Ltd., Hunan Huahong Caixin Venture Capital Co., Ltd., Hunan Xiangtou Hi-tech Venture Capital Co., Ltd., Fortune Venture Capital and Hunan Valin Iron & Steel Group.

 

Gong Shuguang, Chairman of Central South Media, says his company will strive to go public in 2010, and create the first blue chip as a publishing and media group based on the concept of 'multiple media and entire flow'.