Asia TV sets offering

World Brief

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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