Free-to-air terrestrial network Asia Television plans to raise $128 million by listing on Hong Kong’s Nasdaq equivalent, the Growth Enterprise Market, within six months.CEO Feng Xiaoping intends to expand the company’s studios. Announcement marks the latest step in a dramatic turnaround for the station, which has always lagged behind local rival TVB. Feng heads a consortium of mainland Chinese interests that took over ATV in 1998 and has since forced the once-ailing net into profit.
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