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Stock Market & Financial Investment News

News Breaks
April 2, 2014
07:04 EDTSTVChina Digital announces special cash dividend of 50c
The special dividend is expected to be paid on or around May 9 to shareholders of record as of the close of business on April 9.
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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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