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.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More TV News from Variety

Loading