66 million to buy cable network

Morning paper reporter Xiangxiaohui Hunan Electric Media Co., Ltd. (hereinafter referred to as the power of the media, 000917) to the provincial cable network comprehensive integration is accelerating. The company and its subsidiary holding company, Hunan Hui Yue Cable Network Limited (hereinafter referred to as Wyatt Company), are to acquire 66 million yuan to buy Hunan Cable TV network (Group) Co., Ltd. (hereinafter referred to as Hunan cable group)　　Part of the equity and Hengyang County Network Co., Ltd. and other parts of the city and county network joint venture companies.　　Among them, the electric media to own funds to invest 51 million yuan, Wyatt company to own funds to invest 15 million yuan. The stake in the acquisition of this investment has two parts, are owned by some cities and counties in Hunan province. Among them, Hunan cable group for the Power Canton Media holding subsidiary, registered capital of 1.783 billion yuan, the power of the media holding 5.89% of the shares, its holding subsidiary-Huafeng Cable Network Holdings Limited holds 55.87% of the shares.　　The other two: Hengyang County Network Co., Ltd., Hengnan Electric Wide Network Co., Ltd. are both the canton media and Hunan Province, some of the city and county Radio and Television Bureau of the joint venture. In the acquisition of the shares, the electric media yesterday also released another announcement that Hunan Province cable group's 5 radio and television Bureaus (center)　　Shareholders, as well as 3 counties Network joint-venture company's radio and television Bureau with its Hunan cable group of shares or the city and county network joint venture shares of the corresponding shareholder equity of 172.9306 million Yuan, to Wyatt company to increase Capital shares, Wyatt Company's registered capital increased to 50 million yuan.　　For the purpose of acquiring and enlarging the shares, the electric media said that in order to push forward the pilot work of "three networks merging" in Hunan Province, the company should promote the implementation of the medium and long term development strategy to meet the needs of network investment, network operation Management innovation and network equity integration.　　The acquisition is also the previous electronic media comprehensive integration of the provincial cable network continuity. January 29 This year, the canton Media has issued a number of announcements to officially start the overall integration of the provincial cable network. From the design point of view, the electronic media has taken the first cash acquisition of some of the city and county cable network companies held in Hunan Cable group and some of the shares of the city and County Network joint venture company, after the Hunan cable group and the city and county network company rights and interests of the holding subsidiaries, Hui Tak Company to increase the capital of two steps to complete the integration. And this acquisition is the same as the increase in capital.