What assets did Hong Guang Holdings sell?

Hong Guang Holding Company sold the bookstore assets. After the sale of bookstore assets, Hong Guang Holding Company became a loss-making enterprise. Hong Guang Holdings sold its subsidiary Education Bookstore to Xinhua Distribution Group. Guangdong Hong Guang Holdings Co., Ltd. is a provincial state-owned listed company renamed after the reorganization of the former Guangdong Meiya Group Co., Ltd., and completed major asset restructuring and asset injection on February 29, 2008.