Baosheng lists RMB226M receivables for RMB8.6M
Baosheng Media Group Holdings Limited (BAOS) reports that four subsidiaries have publicly listed certain long-aged accounts receivable and one prepaid account on the Beijing Equity Exchange for a potential transfer through a public listing process.
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Rhea-AI Filing Summary
Baosheng Media Group Holdings Limited (BAOS) reports that four subsidiaries have publicly listed certain long-aged accounts receivable and one prepaid account on the Beijing Equity Exchange for a potential transfer through a public listing process. As of April 30, 2026, these Assets had an aggregate book balance of RMB226,226,470.55 (approximately US$33.41 million). An independent appraisal firm valued the Assets at an aggregate RMB8,561,500 (approximately US$1.26 million), and the initial transfer floors across the listings total RMB8,561,200.
Each listing runs for an initial five business days starting August 21, 2026 and may be extended in five-business-day increments if no qualified purchaser appears. If a transfer occurs, 50% of the purchase price would be payable within five business days after signing the asset transfer agreement and the remaining 50% within one month. No purchaser has been selected, and any transfer remains subject to completion of the listing and purchaser-selection procedures, execution of definitive documentation, payment, and settlement, with no assurance that any transfer will close or that pricing will meet the initial floors.
Filing Explained
For the proposed transfer, the buyer-selection path depends on bidder count: one qualified bidder permits negotiated transfer, while two or more require online competitive bidding.
Key Figures
Key Terms
public listing process financial
accounts receivable financial
initial transfer floor financial
competitive bidding process financial
asset appraisal financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What assets is Baosheng Media Group (BAOS) seeking to transfer in this 6-K?
What is the appraised value of the receivables Baosheng Media Group (BAOS) plans to transfer?
How and when did Baosheng Media Group (BAOS) start the public listing of these Assets?
What are the payment terms for any successful transfer of Baosheng Media Group (BAOS) Assets?
Is the transfer of Baosheng Media Group (BAOS) receivables guaranteed to occur and at what price?
How will a purchaser be chosen for the Baosheng Media Group (BAOS) Asset transfer?
AI-generated analysis. How Rhea-AI works. Not financial advice.