Last $1.66 HKD
Change Today +0.03 / 1.84%
Volume 38.8M
1060 On Other Exchanges
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As of 4:01 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

chinavision media group ltd (1060) Snapshot

Open
$1.62
Previous Close
$1.63
Day High
$1.67
Day Low
$1.61
52 Week High
03/12/14 - $3.39
52 Week Low
02/5/14 - $0.29
Market Cap
34.9B
Average Volume 10 Days
43.6M
EPS TTM
$0.03
Shares Outstanding
21.0B
EX-Date
05/11/07
P/E TM
63.8x
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINAVISION MEDIA GROUP LTD (1060)

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chinavision media group ltd (1060) Details

ChinaVision Media Group Limited, an investment holding company, engages in the television (TV) and film production, print media, mobile new media, and television advertising businesses primarily in the People’s Republic of China. It produces and distributes film rights over films, and television programs and television drama series; develops and distributes mobile games; and provides personalized information and entertainment services to mobile handset users. The company also distributes Beijing Times, a newspaper; and FIGARO, a fashion magazine. In addition, it sells TV advertising air-times; sells advertisements spaces in FIGARO; organizes cultural and artistic exchange activities; trades in securities; provides other agency services; offers TV programme packaging services; and provides nominee and secretarial services. The company was formerly known as China Entertainment Media Group Limited and changed its name to ChinaVision Media Group Limited in February 2012. ChinaVision Media Group Limited was incorporated in 2011 and is headquartered in Admiralty, Hong Kong.

250 Employees
Last Reported Date: 04/29/14
Founded in 2011

chinavision media group ltd (1060) Top Compensated Officers

Consultant
Total Annual Compensation: $4.0M
Compensation as of Fiscal Year 2013.

chinavision media group ltd (1060) Key Developments

ChinaVision Media Group Limited Provides Earnings Guidance for the Six Months Ended June 30, 2014

ChinaVision Media Group Limited provided earnings guidance for the six months ended June 30, 2014. For the period, the company expected to record a substantial loss of approximately HKD 97 million to HKD 180 million as compared to a profit of approximately HKD 139 million for the corresponding period in 2013. This loss was expected to be mainly attributable to a substantial drop in revenue (in the range of approximately HKD 120 million to HKD 145 million), which represents a decrease of between 70% to 75% compared to revenue of approximately HKD 482 million recorded for the corresponding period in 2013, because (i) certain motion pictures which were under production in the first half of 2014 will only be available for distribution in the second half of 2014 and (ii) the Board has decided to postpone certain strategic decisions until after the completion, taking consideration of the anticipated change of control of the company at both the shareholder and the Board levels.

ChinaVision Media Group Limited Announces Board Changes

The Board of ChinaVision Media Group Limited announced that Mr. Shao Xiaofeng has been appointed as chairman of the Board and Mr. Liu Chunning has been appointed as acting chief executive officer of the company, both with effect from 27 June 2014. Mr. Shao, aged 48, joined Alibaba Holding in 2005 and has been the chief risk officer of Alibaba Holding since June 2012. Mr. Shao has extensive experience in network security, e-commerce, online transactions and payments. Mr. Liu, aged 38, joined Alibaba Holding in August 2013 and is currently a vice president of Alibaba Holding and the general manager of Alibaba Group's OSTV division. Mr. Liu is also the chief executive of Alibaba Group's digital entertainment division which was set up in September 2013. The Board announced that Mr. Liu Chunning has been re-designated from a non-executive Director to an executive Director with effect from 27 June 2014. The Board announced the appointment of each of Mr. Tong Xiaomeng and Ms. Zhang Yu as an independent non-executive Director with effect from 27 June 2014. Mr. Tong, aged 40, is a co-founder and managing partner at Boyu Capital. Prior to that, Mr. Tong was a managing partner at General Atlantic and Providence Equity Partners, where he headed the firm's Greater China practice and served as a director at a number of publicly-listed and privately-held companies. Ms. Zhang, aged 42, has been the partner of the Corporate Finance Audit (CFA) function in Siemens AG's East Asia Pacific Region since October 2010 where Ms. Zhang manages a team with more than 40 professionals across the finance, operations, IT, compliance and forensic audit disciplines, serving regions and countries such as the PRC, Japan, Korea, South East Asia, Australia and New Zealand. The Board announced that the audit committee, the executive committee, the remuneration committee and the nomination committee of the Company have been reconstituted as follows with effect from 27 June 2014: Each of Mr. Li Lianjie, Mr. Tong Xiaomeng and Ms. Zhang Yu has been appointed as a member of the audit committee and Ms. Zhang Yu has been appointed as the chairman of the audit committee. Each of Mr. Shao Xiaofeng and Mr. Liu Chunning has been appointed as a member of the executive committee and Mr. Shao Xiaofeng has been appointed as the chairman of the executive committee. Each of Mr. Shao Xiaofeng, Mr. Li Lianjie and Ms. Zhang Yu has been appointed as a member of the remuneration committee and Ms. Zhang Yu has been appointed as the chairman of the remuneration committee. Each of Mr. Shao Xiaofeng, Mr. LiuChunning, Mr. LiLianjie, Mr. Tong Xiaomeng and Ms. Zhang Yu has been appointed as a member of the nomination committee and Mr. Shao Xiaofeng has been appointed as the chairman of the nomination committee.

ChinaVision Media Group Limited Announces Management Changes

ChinaVision Media Group Limited announced that with effect from June 24, 2014, pursuant to the terms of the subscription agreement, four Directors shall resign from their positions as Directors upon completion. Mr. NG Qing Hai has resigned as president of the company and executive Director, Mr. ZHAO Chao has resigned as executive Director, Mr. KONG Muk Yin has resigned as non-executive Director and Mr. CHEN Ching has resigned as independent non-executive Director (together, the Outgoing Directors). Each of the Outgoing Directors has confirmed that he has no disagreement with the Board and there is no matter in relation to his resignation that needs to be brought to the attention of the shareholders. Furthermore, as set out in the section headed 'Letter from the Board' in the circular, the Board had proposed three nominees of the subscriber, namely Mr. SHAO Xiaofeng to be appointed as executive Director, Mr. LIU Chunning to be appointed as non-executive Director and Mr. LI Lianjie to be appointed as independent non-executive Director (together, the 'Incoming Directors'). The above appointments were approved by the shareholders at the SGM held on June 16, 2014 and have become effective from June 24, 2014. Mr. SHAO Xiaofeng: Mr. Shao joined Alibaba Holding in 2005 and has been the chief risk officer of Alibaba Holding since June 2012. Mr. Shao has extensive experience in network security, e-commerce, online transactions and payments. Mr. LIU Chunning: Mr. Liu joined Alibaba Holding in August 2013 and is currently a vice president of Alibaba Holding and the general manager of Alibaba Group's OSTV division. Mr. Liu is also the chief executive of Alibaba Group's digital entertainment division which was set up in September 2013. Mr. LI Lianjie: Mr. Li is a world-renowned martial artist, movie star and social entrepreneur. The Board announced that Mr. DONG Ping has resigned from his positions as acting chief executive officer of the company and chairman of the Board with effect from June 24, 2014 and as an executive Director with effect from the conclusion of the AGM. Mr. Dong has also stepped down from all other corporate offices held within the group with effect from the date of this announcement. Following his resignation as acting chief executive officer of the company and chairman of the Board, Mr. Dong will remain as a consultant with the company for a period of 12 months. Mr. LIU Chunning is expected to be appointed as the acting chief executive officer of the company shortly and an announcement will be made by the company as and when the appointment is made. The Board received notices from Mr. JIN Hui Zhi and Mr. LI Chak Hung on June 24, 2014 that they have decided not to stand for re-election at the AGM and therefore their respective directorships will terminate with immediate effect following the conclusion of the AGM.

 

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Valuation 1060 Industry Range
Price/Earnings 63.3x
Price/Sales 17.9x
Price/Book 7.4x
Price/Cash Flow 166.3x
TEV/Sales 45.3x
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