News call halts TVB trade
Finance | Dominique Nguy and Bloomberg 23 May 2017Trading in Television Broadcasts Limited (0511) halted yesterday morning before the market opened, pending the release of an announcement. Shares of the broadcasting company TVB were at HK$28.8 before trading halted.
Regulators earlier voiced concerns about TVB's ownership, saying the city's dominant free-to-air broadcaster is masking the influence of Chinese media tycoon Li Ruigang.
The ownership concerns emerged as a panel from the Securities and Futures Commission was reviewing a TVB application for a waiver on a buyback plan.
TVB indicated last week that it plans to seek a judicial review of the commission's ruling on TVB's majority shareholder application for a waiver.
The Standard Channel 
