SYS-CON MEDIA Authors: Doug Masi, Mat Mathews, Newswire, David Smith, Tim Crawford

News Feed Item

China Cablecom Holdings, Ltd. To Make a Distribution to Its Shareholders

NEW YORK, Aug. 20, 2014 /PRNewswire/ -- China Cablecom Holdings, Ltd. (the "Company") announces that as a result of partial return of investments in connection with the Company investment in Hubei Chutian Video Communications Network Co., Ltd. (the "Hubei Investment") and Binzhou Broadcasting and Television Information Network Co., Ltd. (the "Binzhou Investment") the Company intends to make an aggregate cash distribution of $6,069,412.88 (the "Distribution ") to holders of the Company's Ordinary Shares, Preferred A Shares and Preferred B Shares.  The Preferred A Shares and Preferred B Shares participate in the Distribution with the Ordinary Shares on a share for share basis (this calculation is post the 3 for 1 reverse split affected by the Company on March 1, 2010 and equals 3 preferred shares for one ordinary share basis pre-split basis).  The Distribution will be made to holders of record of the Ordinary Shares, Preferred A Shares and Preferred B Shares as of August 25, 2014.

There is no assurance that there will be any distributions from the Company in the future.

Recipients of the Distribution are advised to seek their own tax advice regarding the Distribution.

SOURCE China Cablecom Holdings, Ltd.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.