Television Broadcasts Limited Completes Share Allotment

Television Broadcasts Limited (HK:0511) has released an update.

Television Broadcasts Limited has successfully completed the allotment of 20 million new shares, raising about HK$78.8 million for general corporate purposes, particularly funding co-production projects with mainland Chinese streaming platforms. The shareholding structure of the company has seen significant changes, with the Subscriber’s stake increasing to 25.02% post-completion. These funds are expected to be fully utilized by the end of 2024.

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