Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Hunan TV & Broadcast Continues Consolidation Efforts

Shanghai Stock Exchange, 12/13/11

Hunan TV & Broadcast Intermediary (000917.SZ) announced in a public filing today that it had completed auditing and assessment of the assets of Hunan Huixin Cable Networks, Hunan Huide Cable Networks, Hunan Huirun Cable Networks, and Hunan Huiyue Cable Networks, all of which it had newly acquired. Assessment and profitability forecasts for the assets of the newly acquired 33 regional network companies, as well as integration of these companies' assets with Hunan TV & Broadcast's 64 subsidiary companies, has been essentially completed, and nearly all of the results of assessments and evaluations for all 97 companies have been approved by state-owned asset management offices or finance offices at the municipal, prefecture, or county level. Hunan TV & Broadcast is currently fine-tuning materials related to the recent asset restructuring and will present these to a meeting of the company board for review.

Review and approval are still required for a number of facets of the asset restructuring to be completed, and success of the restructuring remains uncertain.

Keywords: corporate restructuring cable TV consolidation television Hunan TV Hunan TV & Broadcast Intermediary 000917.SZ


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