113 views
Photo from Envato Elements

Shaw Brothers raises stake in TVB to 25.02% with CA approval

TVB allotted 20 million new shares to Shaw Brothers.

The Communications Authority (CA) has approved TVB's application to change its shareholding structure with the allotment of 20 million new shares to its major shareholder, Shaw Brothers.

This change increased Shaw Brothers’ stake in TVB from 21.66% to 25.02%.

CA said that TVB will continue to comply with all applicable regulatory requirements under the Broadcasting Ordinance and its free TV licence.

TVB said that the shareholding changes will not have any material effect to the legal and beneficial ownership of the licensee.

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

OTC dealers face tighter clearing tests under fixed annual periods
Fixed annual periods proposed under Clearing Rules.The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) issued a joint consultation on standardising calculation periods under the OTC derivatives Clearing Rules, proposing fixed annual periods for determining mandatory clearing obligations, according to a press release.
Economy
Hong Kong activity cools amidst APAC expansion losing speed
Report flags capital markets adjusting as office assets return as the top pick since 2020.
Economy
DBS Hong Kong names Xu Qing as managing director and risk head
Xu will oversee all credit and risk functions in Hong Kong, mainland China, and Taiwan.
Retail Banking