Hunan TV & Broadcast Purchases 9% Stake in Tianjin Broadcast
Sarft.net, 8/30/13
Provincial cable TV operator Hunan TV & Broadcast Intermediary (000917.SZ) has announced that the company's subsidiary, China Entinet Cable Holdings, has acquired 100% of Tianjin-based investment loan and consultation service provider Tianjin Hongqiao Technology Investment for RMB 191 mln. Tianjin Hongqiao holds a 9.07% stake in Tianjin Broadcast & TV Network, with this percentage to be adjusted to 8.75% once recent issues of new shares have been taken into account.
Keywords: television Tianjin Broadcast & TV Network Hunan TV & Broadcast Intermediary 000917.SZ China Entinet Cable Holdings M&A cable operator
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