Wasu Digital Television Backdoor Listing Plan Approved

LMTW, 8/22/11

The board of Hunan-based plastics manufacturer Genuine New Material Group (000156.SZ) has approved a major asset restructuring plan drafted with Hangzhou-based DTV and IPTV operator Wasu Digital Television Media Group. Following the restructuring, the company will transform itself from a manufacturer of aluminum, PVC, polyurethane, and plastic products to a national new media content provider and Hangzhou Cable TV operator. The company's nationwide content services will include IPTV, mobile TV, and internet TV.

Editor's Note: For more information on this topic, please see "Wasu to Conduct Backdoor Listing on Shenzhen Stock Exchange," MD 5/10/11 issue.

Keywords: 000156.SZ corporate restructuring Genuine New Material IPTV television DTV cable TV Internet TV Shenzhen Stock Exchange Wasu listing mobile phone TV

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