Sun Tel Cyber likely to sell off doc films at $4M

A market rumour has that Sun Television Cybernetworks Holdings Limited (0307) will sell off the non-exclusive broadcasting right of 1000 documentary films at a consideration of US$4 million (approximately $31.20 million) to US Nasdaq company Gold Television Media. Gold Television Media will issue convertible notes to pay for the consideration, and Sun Television can choose to swap shares or cash in within 3 years. If Sun Television swap shares in full, it

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