China’s Li Ruigang Joins Group Controlling Hong Kong’s TVB
Wednesday, April 22, 2015
(Variety by Patrick Frater) – It has been reported that the Hong Kong government’s Communications Authority Wednesday approved changes to TVB’s shareholding structure. Details were not provided by TVB in its annual report or lists of directors and their functions which were also published Wednesday.
However, it is understood that shares in Young Lion were sold to China Media Capital, the state-backed private equity fund that Li founded in 2009. Neither the scale or value of the stake has emerged.
