MARKETS & INVESTING | Staff Reporter, Singapore

Hong Kong property tycoon to aid beleaguered payTV broadcaster

The broadcaster is doing what it can to stay afloat.

A report from South China Morning Post said i-Cable Communications has taken an “important step” towards carrying on the business.

An internal circular from Stephen Ng Tin-hoi, chairman of Wharf (Holdings), did not reveal specific details about the firm’s future. The news did, however, come as it emerged that a consortium led by property ­tycoon David Chiu Tat-cheong had reached out to i-Cable to discuss investing in the broadcaster.

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