Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Wasu to Conduct Backdoor Listing on Shenzhen Stock Exchange

Shenzhen Stock Exchange, 5/10/11

Hangzhou-based DTV and IPTV operator Wasu Digital Television Media Group has signed a reverse merger agreement with Hunan-based aluminium, PVC, polyurethane, and plastic products manufacturer Genuine New Material Group (000156.SZ). Genuine New Material Group will sell its entire assets to Hunan's Xiang Hui Asset Management in order to repay outstanding debts, after which Wasu will transfer its new media and Hangzhou cable TV network assets into Genuine New Material Group in exchange for shares issued in a private placement to Wasu and affiliated parties. Upon completion of the private placement, Wasu's share of the company will be at least 51%.

Keywords: IPTV television DTV cable TV Shenzhen Stock Exchange Wasu listing M&A


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

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