Hunan TV & Broadcast to set up 2 JVs
Published: 17 Jun 2009 17:41:36 PSTJun. 18, 2009 (China Knowledge) - Hunan TV & Broadcast Intermediary Co Ltd<000917>, which is mainly engaged in the production and distribution of advertisements and TV programs in Hunan Province, on Jun. 17 announced that it plans to invest a total of RMB 238 million to set up two joint ventures, sources reported. The Shenzhen-listed media enterprise will invest an initial RMB 38 million for a 99% stake in a cable TV company that will have a registered capital of RMB 200 million. The company will add RMB 160 in cash within five years. Hunan TV will also invest RMB 40 million for a 97.56% stake in a new TV program production company that will have a registered capital of RMB 41 million. Copyright © 2009 www.chinaknowledge.com |
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