BAYLIS
- 14 Jan 2008 13:29
London, Beijing, 7 January 2007: CEC Unet plc, the Chinese mobile media services
company listed on AIM (AIM: CECU) today announced that it has entered into an
agreement with China Mobile (Beijing) to obtain rights to sell mobile top-up
services to users of China Mobile's services in Beijing-China's capital city and
the host of the 2008 Summer Olympic Games.
China Mobile (Beijing) is a wholly-owned subsidiary of China Mobile Limited,
China's leading mobile services provider with over 350 million mobile users
nationwide.
Through this agreement, CEC Unet secures its third foothold-and first market in
northern China-for mobile top-up services.
The Company already operates in central Henan Province and southern Guangdong
Province, where it provides mobile top-up services to approximately 7 million
mobile users through 50,000 retail terminals.
As of late December 2007, sales (gross revenues) in these two provinces amounted
to 6 million RMB (approximately 420,000) per day, or an annualised run rate of
over 2.1 billion RMB (over 146 m) per year. In Guangdong province alone, the
Company has experienced 70% month-to-month sales growth since inception.
BAYLIS
- 12 May 2008 18:30
- 3 of 3
London, Beijing, May 7, 2008: CEC Unet plc ('CEC' or 'Company'), the Chinese
mobile media services company listed on AIM (AIM: CECU) today announces a
private placement of US$3.2 million convertible bonds (the 'Initial Bonds') to
Evenstar Master Fund SPC, on behalf of Evenstar Master Sub-Fund I Segregated
Portfolio, a Hong Kong based Greater China investment fund