Wasu Media Holding Co.,Ltd acquired 69.12% stake in Fuyang Wasu Netcom Information Port Co. Ltd and 50% stake in Hangzhou Yuhang Wasu Netcom Information Port Co. Ltd. from Wasu Digital Television Media Group.
January 02, 2014 at 09:30 am IST
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Wasu Media Holding Co.,Ltd (SZSE:000156) acquired 69.12% stake in Fuyang Wasu Netcom Information Port Co. Ltd and 50% stake in Hangzhou Yuhang Wasu Netcom Information Port Co. Ltd. from Wasu Digital Television Media Group on December 30, 2013. Wasu Media Holding Co.,Ltd will use its own funds from the proceeds of its private placement to fund the transaction. The transaction has been approved by Board of Directors of Wasu Media Holding Co., Ltd.
Wasu Media Holding Co.,Ltd (SZSE:000156) completed the acquisition of 69.12% stake in Fuyang Wasu Netcom Information Port Co. Ltd and 50% stake in Hangzhou Yuhang Wasu Netcom Information Port Co. Ltd. from Wasu Digital Television Media Group on December 30, 2013.
Wasu Media Holding Co.,Ltd is a China-based company principally engaged in the provision of information communication services. The Company mainly operates its business through Cable Television (TV) Network segment, Broadband Network segment and New Media segment. Cable TV Network segment includes cable TV network construction and programming content transmission services. Broadband Network segment provides personal and institutional customers with broadband network access and information services based on broadband network. New Media segment is involved in the content management, technical service and operation of new media business, including interactive TV, mobile TV, Internet TV and Internet audio-visual programs, among others.
Wasu Media Holding Co.,Ltd acquired 69.12% stake in Fuyang Wasu Netcom Information Port Co. Ltd and 50% stake in Hangzhou Yuhang Wasu Netcom Information Port Co. Ltd. from Wasu Digital Television Media Group.
WASU MEDIA HOLDING CO.,LTD 
