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    CVTV   US16954T1088

CHINA VTV LTD.

(CVTV)
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CHINA VTV LTD : Other Events (form 8-K)

08/03/2020 | 05:17pm EDT
Item 8.01 Other Events.



On September 30, 2019, China VTV Limited (the "Company"), Constellation Moshan Film and Television Media Company Limited, a PRC movie and entertainment company ("Constellation"), and Mr. Xiao Du, a shareholder of Constellation, entered into a binding memorandum of understanding of share exchange and merger (the "Binding MOU"), pursuant to which the Company intended to acquire the controlling portion of Constellation's outstanding equity. However, due to certain Chinese restrictions, the Company has realized it impractical to acquire the control stake of Constellation in accordance with the Binding MOU.

On May 15, 2020, the Company, Constellation and Xiao Du entered into a termination agreement (the "Termination Agreement") to mutually terminate the Binding MOU. Pursuant to the Termination Agreement, each party was released from performing under the Binding MOU and acknowledged and agreed that there was no outstanding dispute or obligation to return any asset pursuant to the Binding MOU.





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Financials (USD)
Sales 2020 0,00  - -
Net income 2020 -1,51 M - -
Net Debt 2020 2,25 M - -
P/E ratio 2020 -442x
Yield 2020 -
Capitalization 1 312 M 1 312 M -
EV / Sales 2019 -
EV / Sales 2020 219 796 860 198x
Nbr of Employees 96
Free-Float 39,1%
Chart CHINA VTV LTD.
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China VTV Ltd. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Managers and Directors
Ti Jin Song Chairman, President & Chief Executive Officer
Jian Li Chief Financial Officer
Hong Bin Dong Chairman-Supervisory Board
Bing Liu Director & Chief Technology Officer
Guo Ping Chen Secretary & Director
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