China Marketing Media Holdings, Inc. Announces Sale of Its Subsidiary, Shenzhen Media Investment, and Certain Intra-Company Equity Transfers

BEIJING, Dec. 29, 2011 (GLOBE NEWSWIRE) -- In accordance with the agreement signed on December 26, 2011, Shenzhen New Media Consulting Co. Ltd ("SNMC"), an indirectly owned subsidiary of China Marketing Media Holdings, Inc. (China Marketing Media or "the Company") (OTCBB:CMKM), has announced the sale of its subsidiary, Shenzhen Media Investment Co. Ltd. ("SMI" ). Under the Agreement, Bin Li, a related party and a former director of the Company, and Feng Yu, an individual shareholder, acquired 90% and ...continued CMKM

URL: http://www.investorpoint.com/news/OTCBULLB/47189766/