China Cablecom Announces Appointment of Su-Mei Thompson to its Board of Directors
10 Dicembre 2008 - 6:30PM
PR Newswire (US)
SHANGHAI, China, Dec. 10 /PRNewswire-FirstCall/ -- China Cablecom
Holdings, Ltd. ("China Cablecom" or the "Company") (NASDAQ:CABL)
(NASDAQ: CABLW) (NASDAQ:CABLU), a joint-venture provider of cable
television services in the People's Republic of China (PRC), today
announced the appointment of Su-Mei Thompson to its Board of
Directors. She brings over 20 years of experience at leading global
organizations, including 15 years of strategic management and
operational experience in Asia. Her extensive cross-media
background in print, film, TV, video, online content and
advertising will significantly contribute to China Cablecom's
growth and development into China's CATV market, premium content
and value-added service offerings. Su-Mei served as Managing
Director of the Financial Times, Asia Pacific, from 2003 to 2007
during which time she oversaw the launch of the FT's Asian edition,
and the FT's luxury title "How To Spend It" in Asia, and its
Chinese language website, FTChinese.com. She was a member of the
FT's Global Management Board and on the board of Business Standard
in India. Previously, she served as General Counsel and Senior
Vice-President for Business Development and Corporate Development
at Asiacontent.com, the NASDAQ-listed Asia joint venture partner
for leading websites such as CNET.com and MTVi.com. She also served
as Regional Director, Business and Legal Affairs, at Walt Disney
Television Asia-Pacific from 1996 to 2000 where she was involved in
negotiating and concluding joint venture and licensing arrangements
for Disney TV in China and across the region. Prior to joining
Disney, Su-Mei was a senior associate in corporate finance at
Linklaters and served in the firm's London, Paris and Hong Kong
offices. From 2007 to July this year, Su-Mei served as Senior
Vice-President of Strategic Business Development for Asia at
Christie's, the world's leading art business. "We believe that
Su-Mei's appointment ensures a diversity of knowledge and expertise
among China Cablecom's Board of Directors," says Clive Ng, Founder
& Executive Chairman of China Cablecom. "Her unique media
background, knowledge of the region, management experience and
vision for innovation qualifies her as a tremendous asset to our
team. In particular, Su-Mei's successful track record in launching
new ventures in new markets will be extremely valuable to the
entire organization and we are excited about welcoming her to the
board." Su-Mei earned her undergraduate degree in law at Trinity
College, Cambridge and her masters degree in law (BCL) at
Christchurch College, Oxford. She also holds an MBA (Dean's List)
from IMD, Switzerland. About China Cablecom China Cablecom 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 and digital cable services. In June 2008,
China Cablecom consummated 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 State
Administration of Radio, Film and Television in five different
municipalities to serve as a holding company of the relevant
businesses. China Cablecom now operates 28 cable networks with over
1.4 million paying subscribers. China Cablecom's 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 in which 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. The Company 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 the Company makes with the U.S.
Securities and Exchange Commission, including the Registration
Statement on Form S-1 filed on April 18, 2008. CONTACT: China
Cablecom Holdings, Ltd. Debra Chen Phone: 917.499.8129 Email:
http://www.chinacablecom.net/ DATASOURCE: China Cablecom Holdings,
Ltd. CONTACT: Debra Chen of China Cablecom Holdings, Ltd.,
+1-917-499-8129,
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