China VTV Ltd. (CVTV)

[adijas]

Merger 8k out https://www.otcmarkets.com/filing/html?id=13677273&guid=RWyfUHjxlIgwW3h

Interesting:

Party A is an American company trading on the OTC market (symbol:CVTV) and is a new media company that has a cross-strait, global presence and a global audience of 3.5 million (including Facebook, Weibo, Miaopai, and other Internet (www.chinavtv.tw) and Internet TV. Party A is currently working towards listing on NASDAQ.

Party A (or a third party designated by Party A) shall acquire all of Party B’s shares. The three parties agree that Party B’s valuation is: RMB 50 million x 12 times PE = RMB 600 million (= $84 million).