Chinese electronic 300 million shares of Chongqing cable digital TV grab the cake

Yesterday, Chinese electronic (0085.HK) announcement, Chinese Electronics will be invested 300 million yuan to acquire 45% stake in Chongqing radio and television network, become the second largest shareholder of Chongqing radio and television network.

Chinese electronic director Fan Qingwu said that the China electronic shares of Chongqing radio and television network, will be used in electronic communication technology to promote the process of digital TV network in Chongqing, the two sides hope that through the digital television network to provide interactive VOD and additional premium content for users.

It is understood that China electronic information industry group last year will Sangfei mobile phone business into the China Express (now known as Chinese Electronics) backdoor listing, Fan Qingwu said to make full use of the electronic business to pay TV Chinese. Prior to this, the Chinese subsidiary of China's cable television network through the acquisition of Hainan, Hunan, Hebei and other places of the cable network, has about 20 million cable TV users.