Brief: Tom Group resolved to cease operation of unit

Tom

25/10/2016 10:02

Oct 25 (Reuters) - Tom Group Ltd  2383.HK  
    * Has resolved to, by end of this year, cease operation of 
china entertainment television broadcast limited and its 
subsidiaries 
    * In connection with cessation of operation of CETV group, 
steps will be taken to obtain all necessary regulatory approvals 
and to terminate all relevant existing contracts 
    * Believes that termination of CETV agreements, cessation of 
operation of CETV will not have material effect on operation of 
group 
 
Source text for Eikon:  ID:nHKS1r8pmB  
Further company coverage:  2383.HK  
 
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