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Baosheng Media Group Holdings Ltd. announced that its subsidiaries entered into a Debt Asset Transaction Agreement on…
BAOSBaosheng Media Group Holdings Ltd
Baosheng Media Group Holdings Ltd. announced that its subsidiaries entered into a Debt Asset Transaction Agreement on September 14, 2026, to transfer long-aged accounts receivable and one prepaid account to Guangzhou Nengren Advertising Co., Ltd. The assets had an aggregate book balance of RMB226.2 million (approximately US$33.41 million) as of April 30, 2026, but were appraised at only RMB8.56 million (approximately US$1.26 million). The total consideration is RMB8.56 million, payable in installments with the first half due within five business days and the remainder within one month of execution. This transaction represents a significant write-down on the book value of these assets. Baosheng Media Group Holdings Ltd. operates in the media and advertising industry.