The Communications Authority ("CA") has approved the application of Television Broadcasts Limited ("TVB") for changes in its shareholding structure arising from the disposal of shares in Young Lion Holdings Limited ("YLH"), which indirectly holds 26% of the voting shares of TVB via its wholly owned subsidiaries, by P6 YL Holdings Limited to other shareholders of YLH. The ultimate and other intermediary voting controllers of TVB's voting shares remain unchanged. Dr Charles Chan Kwok Keung will remain the ultimate voting controller of 26% of TVB's voting shares. The changes in the shareholding structure of TVB took effect upon completion of the relevant transaction on 7 June 2016.
In approving the application, the CA was satisfied that the shareholding changes would not give rise to regulatory concerns, and that TVB would continue to comply with the applicable regulatory requirements under the Broadcasting Ordinance (Cap. 562) and its licence and be able to honour the investment and programming commitments it had already made under its domestic free television programme service licence upon completion of the shareholding changes.
Communications Authority
Secretariat
7 June 2016