Yunnan Broadcast & TV Information Seeks Backdoor Listing

Sarft.net, 7/25/13

Wang Jian, Chairman of provincial cable TV operator Yunnan Broadcast & TV Information Transmission Network, has stated that the company is currently seeking a backdoor listing.

Yunnan Broadcast recently received RMB 3.9 bln in financing from China Development Bank to expand the company's business and infrastructure in areas such as transmission platforms and set-top boxes (STBs), as well as next-generation broadcasting (NGB).

Yunnan Broadcast officially completed company restructuring in March, and received approximately RMB 1 bln in investment from Hunan TV & Broadcast Intermediary (000917.SZ) in May.

Editor's Note: For more background on this topic, please see "Hunan TV & Broadcast Increases Investment in Yunnan Broadcast & TV" MD 5/18/13 issue.

Keywords: Wang Jian financing television China Development Bank Yunnan Broadcast & TV Information Transmission Network IPO convergence

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