At the meeting of NMGs board of directors last Friday, Shine was appointed chairman of the groups executive committee and also vice chairman of the board of directors with immediate effect.
Shine said a part of the new investments on the digital TV business would be for upgrading its news production studio and the development of news anchors and content.
He said NMG might have to increase its capital for investment and use revolving capital to repay debt to financial institutions. It will have talks with more than nine creditor financial institutions.
…
Read the full article at: http://www.nationmultimedia.com/detail/Corporate/30362151