UT Kangda shakes the body to become a state-owned enterprise

(reporter Giolikun) "Triple network Fusion" came, the precarious ut in the coming back from overseas. The night before yesterday, the company announced that Beijing also Zhuang International development Investment Limited and two other independent investment agencies to inject 48.5 million dollars into it.　　Meanwhile, UT has relocated its headquarters from the United States to Beijing, announcing the appointment of Loux as the new CEO and CEO. It is understood that this is the largest investor in Beijing also Zhuang International Development Investment Co., Ltd. has a government background, to a considerable extent, UT the United States from the company to shake the body into Chinese companies. According to the investment agreement, UT Kangda will issue about 22 million common shares at $2.2 per share, of which Beijing also Zhuang International Development Investment Co., Ltd. injected $25 million, Ram Max Group 2¥Q Co., Ltd. injected 12.5 million dollars, Shah capital Management Capital Management company injected 11 million dollars.　　At the same time, the company also appointed Loux on June 30, 2010 as CEO and President of the post, the original CEO and President Peter Blackmore will retire after handing over reins. In this series of changes, a new UT Tatsu is completing a new strategic layout, the core of which is the triple-net integration. In the past few years, the company began to rely on PHS all the way ups and downs, seems to fall into the danger of the sword walk slant-relying on PHS has gone to the decline, and the betting on IPTV in radio and television and telecommunications in the dominance of the struggle to consume time.　　However, a new opportunity has been placed before, last month, the Chinese government announced that it will accelerate the pace of integration of the triple-net, this year, radio and television and telecommunications two-way pilot will begin. The concern is that once the transaction is completed, the former deputy chief engineer of the State Administration of Radio, film and television Du Baixuan will be assigned to the board of UT. The company also stressed that the company's development strategy and the Chinese State Council recently proposed three-net integration guidelines consistent. But it will take time to test if UT can recast its former glory. After all, almost all the equipment companies are targeting the market, and triple-network integration is a long process, the different departments of the game is afraid to continue a paragraph, the specific policy is still to be implemented.　　This is a test for UT Kangda. In addition, the deal needs to be approved by China's regulatory authorities and approved by the US Overseas Investment Commission. The company expects the investment to be completed by March 31, 2010.