Coship to Raise Funds for STB Production Line

China Securities Journal, 6/08/09

Chinese digital set-top box (STB) manufacturer Coship Electronics (002052.SZ) has received conditional approval from the China Securities Regulatory Commission (CSRC) for a private placement, the value of which Coship estimates will not exceed RMB 430 mln. 76.83% of the funds are be used to build capacity for annual production of 2 mln high-definition digital set-top boxes, 4 mln sets of direct broadcast satellite (DBS) receiver equipment, and 2 mln bi-directional interactive digital set-top boxes. Coship's planned construction line will be used exclusively to produce middle and high-end products.

Keywords: satellite TV financing 002052.SZ bi-directional Coship CSRC DBS set-top box television HD production capacity

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