DD Post #5: Australian IPO:
IPO in Australia for CHMD's newly acquired subsidiary CIMC.
Our subsidiary, China Integrated Media Corporation Limited........IPO in Australia in early 2011.
Australian IPO, CHMD will hold shares 69% of the shares. Imagine if they were to give some of those IPO shares to us as a dividend, CHMD stock price would go ballistic imho.
China Integrated Media Corporation Limited ("CIMC"), a public company incorporated in Australia, is successfully being approved for quotation on the Australian Stock Exchange
In October 2010, we acquired 69% interests in China Integrated Media Corporation Limited ("CIMC"), a public company in Australia that operates in digital signage media and China's television media, having the rights to three TV channels on an IPTV platform. This acquisition will open up the television sector to the Group.
