Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: China Broadcasting Corporation Prepares to IPO

Tencent Tech, 6/16/11

National CMMB mobile phone TV operator China Broadcasting Corporation (CBC) is reportedly making plans to IPO. As a state-owned enterprise, CBC must first undergo corporate restructuring and then establish a joint stock company.

According to an industry source, CBC began making preparations this year, is currently restructuring, and will soon assess its state-owned assets. CBC contacted investment banks such as China Merchants Bank and BOC International (China) about helping the company prepare for a future listing.

There are currently over 10 mln CMMB users in China, and CBC hopes to see this figure increase to 30 mln by the end of this year.

Keywords: corporate restructuring IPO television CMMB mobile phone TV China Broadcasting Corporation SOE

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports