Tong Hua Holding Public Company Limited (SET: TH) has announced that it will capture the interests of foreign investors by developing Chinese‐language newspapers on the money market and the capital market.
With the Board of Directors of Tong Hua Media Lab Co., Ltd. (TONG HUA MEDIA LAB), a subsidiary of the company, passed a resolution at the meeting on August 8, 2022 to invest in the purchase of shares from the existing shareholders and the newly issued shares of The Million Link Company Limited, the owner of the newspaper Dimension Stock in the amount of 5,100,000 baht, representing 51% of the registered capital of 10,000,000 baht, which is lower than the book value to jointly develop and expand the business of both the Tong Hua newspaper and the stock market newspaper, for example, the development of the Chinese‐language Dimension‐Share newspaper for foreign investors such as the People’s Republic of China, Singapore, Taiwan, etc. to receive information on the money market and the capital market, including Alternative Investment.
In addition, Tong Hua Media Lab Company Limited aims to use technology. Decentralized Storage in storage of all media, which Tong Hua Holding Public Company Limited has been selected as one of 15 companies worldwide that participate in the Web3ESPA (Web3 Enterprise Storage Provider Accelerator) project. It was established by Protocol Labs (founder of IPFS and Filecoin projects), PikNik (USA leader in Decentralized Storage), Seagate (leading Data Storage Company) and AMD (leading data storage company). Semiconductor) to develop media to the Next Generation Media with features.