Marbridge Daily

<- April 14, 2011 ->

Hunan TV & Broadcast to Acquire County Cable Operators

Shenzhen Stock Exchange, 4/14/11

Provincial cable TV operator Hunan TV & Broadcast Intermediary (000917.SZ) has announced plans to acquire controlling stakes in the regional cable TV operators in Huayuan and Baojing counties for a total of RMB 7 mln.

Baojing TV & Broadcast Network was founded in December 2010 with registered capital of RMB 11.88 mln, of which RMB 5.82 mln came through investment from Hunan TV & Broadcast Intermediary. Huayuan TV & Broadcast Network was also established in December 2010 with registered capital of RMB 16.5 mln, RMB 8.09 mln of which came from Hunan TV & Broadcast Intermediary.

 
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