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.