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July 30, 2015 12:55 AM ET

Media

Company Overview of Asia Television Limited

Company Overview

Asia Television Limited operates terrestrial television broadcasting stations in Hong Kong. Its channels provide subscribers with various programmes ranging from news, current affairs, documentaries, travelogue, infotainment, finance, healthcare, women, children, youth, senior citizen, culture, religion, drama, reality to sports and horse-racing, and North and South American television programmes. The company also produces and stages its own shows, such as beauty pageants, singing contests, and community events; and provides TV dramas from South Korea and Mainland China, and offers cultural and creative industries in Mainland China, Hong Kong, and Taiwan. It serves its customers in Hong Kong...

25-37 Dai Shing Street

Tai Po Industrial Estate

Tai Po,  

Hong Kong

Founded in 1949

Phone:

852 2992 8888

Fax:

852 2338 0438

Key Executives for Asia Television Limited

Asia Television Limited does not have any Key Executives recorded.

Asia Television Limited Key Developments

Tsui Siu-Ming In Talks To Acquire Asia Television

Tsui Siu-ming is in talks with the station's majority shareholder and de facto boss Wong Ching to acquire 52% stake in Asia Television Limited.

HKTV Denies Reports Of ATV Acquisition

Hong Kong Television Network Limited (SEHK:1137) issued an announcement regarding a report made by Asia Television Limited regarding the possible involvement of Hong Kong Television Network Limited. The Board of Directors of Hong Kong Television Network Limited made enquiry with Ricky Wong Wai Kay, who confirmed that he did meet with Wong Ching once on March 26, 2015 to exchange and discuss preliminary ideas on how assistance may be provided to assist in the operations of Asia Television Limited and the renewal of its domestic free television programme service licence. No agreement or agreement in principle has been reached by Ricky Wong, whether or not on behalf of Hong Kong Television Network Limited with anyone with regard to the possible transaction. In particular, Hong Kong Television Network Limited has not entered into any discussions with the Joint and Several Managers of Asia Television Limited appointed by the High Court of Hong Kong Special Administrative Region.

Negotiations For Asia Television’s Sale Talks Are In Progress

The negotiations to save cash-strapped Asia Television Limited are still in progress, with the sticking point being a difference of HKD 200 million between the offer and asking price, it has emerged. The South China Morning Post learned that, as of March 26, 2015, a Hongkonger was willing to pay HKD 500 million for a 52.42% stake from major shareholder Wong Ben-koon, a relative of mainland investor Wong Ching. But the potential buyer had balked at Wong Ching's insistence on closing the deal at HKD 700 million, sources said. Wong could not be reached for comment, reported South China Morning Post (Hong Kong).

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