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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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August 4, 2015
07:40 EDTSTVChina Digital announces Tongda Venture submitted documents to CSRC
China Digital TV Holding provided a further update on its asset restructuring with Shanghai Tongda Venture Capital. The Company announced that Tongda Venture has submitted all relevant documents to the China Security Regulatory Commission, or CSRC, and received an acceptance letter. The acceptance letter acknowledges that the application materials submitted by the Company are in order, and states that it will proceed to consider the application. There will be uncertainties in completing the Restructuring, which remains subject to review by the CSRC, amid increasingly stringent standards for such transactions. Pursuant to the framework agreement entered into on June 13, 2014, the Restructuring will be terminated if it is not completed by December 31. There is no assurance that these approvals or regulatory clearance will be obtained within a reasonable timeframe, or at all.

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