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Stock Market & Financial Investment News

News Breaks
March 30, 2012
06:56 EDTSTVChina Digital TV announces new date of dividend payment
China Digital TV announced that the payment of a special cash dividend to its shareholders, initially scheduled to be made on or around Dec. 30, 2011, has received regulatory approval by the foreign exchange authority in China for the repatriation of U.S. dollars. The company will transfer the dividend payment on April 6 to its eligible shareholders, among whom ADR holders will receive the dividend payment approximately seven business days after the transfer in accordance with the ADR bank distribution process.
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September 22, 2014
14:22 EDTSTVChina Digital announces progress of asset restructuring
China Digital announced that the company's asset restructuring, as referred to in a press release dated June 13, will be adjusted. The specific nature of said adjustment is currently under discussion among the company, Tongda Venture Capital Co., Ltd and related parties and there is no assurance that an agreement on any adjustment will be reached soon or at all. The company will update the market with further details as appropriate. There will be difficulties and uncertainties in completing the Restructuring, which is pending the entry of definitive transaction agreements, and is also subject to applicable approvals by the board of directors and shareholders of the relevant parties involved as well as regulatory clearance. The Restructuring is expected to be subject to close scrutiny by the regulators amid increasingly stringent standards for similar transactions. There is no assurance that these approvals or regulatory clearance will be obtained within an expected timeframe, or at all. The Restructuring will terminate if it has not been completed by December 31, 2015.

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