Television Broadcasts Limited Completes Ownership Transfer and Announces Director Resignation

An update from Television Broadcasts Limited ( (HK:0511) ) is now available.

Television Broadcasts Limited has announced the completion of a significant transaction involving the transfer of ownership interests in Young Lion Holdings Limited, an indirect holding company of Shaw Brothers Limited, which holds a substantial number of shares in Television Broadcasts Limited. This transaction, approved by the Communications Authority, marks a shift in shareholding dynamics as Mr. Kenneth Hsu Kin transfers his interests to Mr. Thomas Hui To, the Executive Chairman. Additionally, Mr. Hsu has resigned from his position as a Non-executive Director due to health and retirement plans, with no disagreements with the board, and his departure is acknowledged with gratitude for his contributions.

More about Television Broadcasts Limited

Television Broadcasts Limited is a company incorporated in Hong Kong, primarily engaged in the television broadcasting industry. It is involved in producing and broadcasting television programs and related services, with a significant market presence in Hong Kong and beyond.

Average Trading Volume: 1,066,676

Technical Sentiment Signal: Sell

Current Market Cap: HK$1.49B

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