The Broadcast Media Invested 100 Million In Baoding.

The Hunan TV and broadcasting media [0.00 0% shares are being restructured. Limited by Share Ltd (Radio & TV media, 000917) announced yesterday that it was willing to purchase 103 million equity of Broadway Offshore Limited (wide area offshore limited company) holding 49% stake in Baoding Baishi Kaili cable broadcasting and TV integrated information network Co., Ltd. (hereinafter referred to as Baoding company).

On the basis of integrating the cable TV network of Hunan Province, the media of Guangzhou Telecom has actively promoted the p regional development to the outside of Baoding.

Marching into Hebei

According to the announcement of the Broadway media, wide area offshore Limited was incorporated in the British Virgin Islands in 1999 with a registered capital of 50000 US dollars. The Secretariat is located in Hongkong and is not related to the Broadway media. It has been set up to invest in Asia.

Statistics show that the Baoding company is a limited liability company registered in Baoding, Hebei province in August 15, 1999, with a registered capital of 100 million yuan, a Sino foreign joint venture, a Baoding company shareholder of 2, Hebei radio and television information [11.66 0.09% shares] Limited by Share Ltd group network (hereinafter referred to as Hebei radio and television) invested 51 million yuan, holding 51% of the equity interest; the wide area offshore limited company invested 49 million yuan, holding 49%.

The business scope of the Baoding company includes the development of the basic engineering of cable TV and radio integrated information network and related functions (including data services) development, maintenance of cable TV equipment and household appliances, production of cable connectors, digital cable television system equipment, digital TV, digital video recorder, digital audio and video codec equipment (only set-top boxes), electronic special equipment, broadband access network communication system manufacturing, mold manufacturing.

Software products develop, produce, sell products produced by our company, carry out our business and provide related services.

However, the foreign party shall not participate in the broadcast, and the right of broadcasting is owned by the Chinese party. The items that are subject to the approval of the laws and regulations in the business scope shall be approved after approval in accordance with the law.

"Better assets" have just turned losses.

Baoding, the largest prefecture level city in the country, has a total population of 11 million 417 thousand, which is more than 140 kilometers away from Beijing and Tianjin.

The whole network of Baoding city adopts HFC network technology as the main pmission and coverage mode, and the total number of bidirectional optical nodes is 428.

The total length of optical cable is 2210 km, and the buried pipeline reaches 230 km.

At present, the trunk optical fiber cable of Baoding company has covered three urban areas, one high-tech zone and 22 urban districts under the city of Baoding. The total length of trunk optical cable is 808.9 km.

In this regard, the radio and television media said Baoding cable network technology applications and asset quality is better.

According to the announcement yesterday, the Baoding company realized its main business income of 57 million 763 thousand and 700 yuan in 2010, with a net profit of 670 thousand yuan.

In 2008 and 2009, Baoding companies lost 3 million 556 thousand yuan and 796 thousand and 300 yuan respectively.

In addition, there has been no breakthrough in major asset restructuring of radio and television media. Since the announcement of the suspension of major asset restructuring in December 27, 2010, it has been suspended until now.

For the reorganization of the Guangzhou media, there have been reports that the restructuring includes two parts: one is to integrate the other cities outside the four cities and counties except the CITIC Guoan [10.51 -0.38% share, and then integrate the Hunan cable and other assets into the listed company through the way of private placement. The two is the completion of the integration of Qinghai cable through the Huafeng Da Lai of the broadcasting and television media program.

According to the announcement yesterday, the company is currently demonstrating the restructuring plan, and the stock will remain suspended.

Before the suspension, radio and television media fell by 5.43%, to 24.4 yuan / share.