CA approves changes in shareholding structure of Television Broadcasts Limited
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The Communications Authority (CA) has approved an application by Television Broadcasts Limited (TVB), a domestic free television programme service (free TV) licensee, for changes in its shareholding structure arising from the transfer of certain shares in Young Lion Holdings Limited (YLH), which indirectly holds 25.02 per cent of the voting shares of TVB via its wholly owned subsidiaries, from its existing shareholder to Vanilla Sky Limited, a company controlled by Mr Thomas Hui (Note).
The changes in the shareholding structure of TVB have taken effect following the completion of the relevant transactions today (May 9). Upon the completion of the transactions, YLH remains the major shareholder of TVB, with Mr Hui becoming the ultimate voting controller of 25.02 per cent of TVB's voting shares held by YLH.
In approving the application, the CA is satisfied that after completion of the shareholding changes, TVB will continue to comply with all applicable regulatory requirements under the Broadcasting Ordinance (Cap. 562) and its free TV licence, and be able to honour the investment and programming commitments it has made under its licence.
Note: Mr Hui is the Executive Chairman of TVB.
Ends/Friday, May 9, 2025
Issued at HKT 16:30
Issued at HKT 16:30
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