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March 31, 2015 3:10 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

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).

Hao Wen Holdings In Discussion To Acquire Asia Television

Hao Wen Holdings Limited (SEHK:8019) is in preliminary discussion with an independent third party in connection with the possibility of an acquisition Asia Television Limited (ATV). To the best of the knowledge, information and belief of the Directors, having made all reasonable enquiries, the said independent third party is one of the potential investors who has commenced negotiation with the relevant parties concerning the investment in ATV. In addition, the Company may require to conduct fund raising activities should the possible acquisition be materialized. As at the date of this announcement, neither concrete terms have been reached nor agreement has been entered into in connection with the possible acquisition.

ATV In Talks With Three Investors

Three investors from Hong Kong and the mainland are in talks to buy a majority share in Asia Television Limited (ATV). Derek Lai Managing Partner of Deloitte China states Wong Ching a majority investor in ATV does not find any offer satisfactory and negotiations are still ongoing. Wong Ching controls 52% in ATV through Wong Ben-koon. The offer has been submitted to acquire 10.75% stake held by Wong Ben-koon and 40% stake in ATV held by Wong Ching.

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