Chinese Sat-TV Provider Readies For Second Stock Listing
By Staff Writer | October 25, 2004
According to company officials, the Hunan Satellite Television in China may list a part of its operation on the Hong Kong Stock Exchange, although they did not provide any potential dates. Its executives say this listing is the first of its kind for a TV company. While the company reportedly is barred from listing the company as a whole, according to Chinese law, it may focus on just its program-production division. Several years ago, the satellite-TV provider listed its Hunan TV & Broadcast Intermediary Co., which handles its advertising, on the Shenzhen Stock Exchange.