Toway (002238.SZ) announced that it would inject 126 million yuan to purchase 60 percent equities of Eachome shopping, a TV shopping channel under the flag of Shenzhen Media Group. According to a company filing, the business scale of Toway will expand to TV shopping and online shopping. After the deal, Eachome shopping will be the subsidiary of Toway, and Shenzhen Media Group is the controlling shareholder and actual controller of Toway.
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