CMMB Vision Holdings Limited (SEHK:471) agreed to acquire 5% stake in Dish-HD Asia Satellite Limited from Yu Yueh-Lung for $2 million on December 1, 2014. Under the terms, CMMB Vision Holdings Limited (SEHK:471) also agreed to acquire an option to purchase additional 46% equity interest in Dish-HD Asia for $4 million, exercisable by the Company on or before May 31, 2015. Dish-HD Asia reported net loss before and after tax of $11.9 million in 2013.

Dish-HD Asia had net liabilities of $21 million as on September 30, 2014. The transaction is subject to satisfactory due diligence on the legal, CMMB shareholder approval, regulatory approval and financial status of Soaring.