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Hong Kong Television Network Limited (HKTV)

- NASDAQ
  • Tue, Mar. 31, 1:55 PM
    • Hong Kong Television (NASDAQ:HKTV) has soared 28.3% in U.S. trading on news that its executive chairman, Wai-Kay "Ricky" Wong, is buying a controlling stake in his nearly bankrupt rival Asia Television.
    • Media reports have mainland China businessmen Wong Ching and Wong Ben-Koon selling their stakes to Ricky Wong; the two controlled 52% of ATV.
    • The financial details are undisclosed and regulators would need to clear the deal; the Executive Council is holding a special meeting tomorrow to discuss it.
    • But the government "would rather renew ATV's licence than let it die," says political scientist James Sung Lap-kung.
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Company Description
Hong Kong Television Network Ltd is a TV & multimedia production centre developing the business on artiste management services and independent content production.
Sector: Technology
Country: Hong Kong