China Cablecom Holdings, Ltd. Approved for Listing on Nasdaq Capital Market
29 Juillet 2008 - 2:30PM
PR Newswire (US)
SHANGHAI, China, July 29 /PRNewswire-FirstCall/ -- China Cablecom
Holdings, Ltd. ("China Cablecom") (NASDAQ:CABL) (NASDAQ:CABLW)
(NASDAQ:CABLU), a joint-venture provider of cable television
services in the People's Republic of China (PRC), announced today
that is has received approval to list its securities on the Nasdaq
Capital Market. China Cablecom's ordinary shares, warrants and
units will begin trading on the Nasdaq Capital Market on Wednesday
July 30, 2008, under the trading symbols "CABL," "CABLW" and
"CABLU", respectively. "We are very pleased that Nasdaq has
approved China Cablecom to join the Nasdaq Capital Market alongside
other top tier companies," says Clive Ng, Founder and Executive
Chairman of China Cablecom. "Meeting the stringent requirements for
this listing demonstrates our progress in building shareholder
value. We believe that this achievement will further enhance our
profile in the US capital markets, increase the visibility,
liquidity and marketability of our shares and expand our investor
base." About China Cablecom Holdings China Cablecom Holdings is a
joint-venture provider of cable television services in the People's
Republic of China, operating in partnership with a local
state-owned enterprise ("SOE") authorized by the PRC government to
control the distribution of cable TV services through the
deployment of analog & digital cable services. China Cablecom
recently entered into an agreement to acquire a 60 percent economic
interest in a cable network in Hubei province with paying
subscribers exceeding 800,000. The Company originally acquired
operating rights of the Binzhou Broadcasting network in Binzhou,
Shandong Province in September 2007 by entering into a series of
asset purchase and services agreements with a company organized by
SOEs owned directly or indirectly by local branches of SARFT in
five different municipalities to serve as a holding company of the
relevant businesses. China Cablecom operates 22 cable networks with
over 1.2 million paying subscribers. China Cablecom Holdings'
strategy is to replicate the acquisitions by operating partnership
models in other municipalities and provinces in the PRC and then
introducing operating efficiencies and increasing service offerings
in the networks it operates. Safe Harbor Statement The matters
discussed in this press release contain "forward-looking
statements" as defined in the Private Securities Litigation Reform
Act of 1995. Forward-looking statements contained in this
presentation and in the Company's other written and oral reports
are based on current Company expectations and are subject to risks
and uncertainties, which could cause actual results to differ
materially. Any forward-looking statements are not guarantees of
future performance and actual results of operations, financial
condition and liquidity, and developments in the industry may
differ materially from those made in or suggested by the
forward-looking statements contained herein. These forward-looking
statements are subject to numerous risks, uncertainties and
assumptions. The forward-looking statements herein speak only as of
the date stated herein and might not occur in light of these risks,
uncertainties, and assumptions. China Cablecom Holdings undertakes
no obligation and disclaims any obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise. You should carefully
consider these factors as well as the additional risk factors
outlined in the filings that China Cablecom Holdings makes with the
U.S. Securities and Exchange Commission, including the Registration
Statement on Form S-1 filed on April 18, 2008. CONTACT: Debra Chen
(917-499-8129) Email: China Cablecom Holdings, Ltd.
http://www.chinacablecom.net/ DATASOURCE: China Cablecom Holdings,
Ltd. CONTACT: Debra Chen, +1-917-499-8129, of China Cablecom
Holdings, Ltd. Web site: http://www.chinacablecom.net/
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