Asian television takeover battle Black Horse Xiecili

Source: According to public data collation drawing: Zhang Xujun after Hong Kong Asia Television (hereinafter referred to as "ATV") major shareholder Payson confirmed the intention to sell, the potential buyer has been the focus of attention from all walks of life.　　Hong Kong media reported yesterday that Wang Zheng, the chairman of the mainland property Shang Rongfung Holdings, was also proposing to purchase its stake in the Citic Group, in addition to a plan to buy ATV's shares of the Liu, chairman of Phoenix Satellite TV, and Asia Television (ATV), a non-executive director of Kee. Ye Jiabao, vice president of executive and public relations at Asia Television Limited, told the newspaper yesterday that there was no such news because equity transactions were conducted at the shareholder level.　　At present, the internal operation of the ATV is normal.　　However, with the Hong Kong government considering expanding applications for free television licences and the influx of urban telecommunications, cable broadband and PCCW rivals into free television, ATV, which is about to lose its licence premium, will doubtless face more frustrations. Wang Zheng to the odds geometry about Wang Zheng buying the news has been constant since last month. According to Hong Kong media news, as early as 20th last month, Wang Zheng has sent representatives in Shanghai Mihui Tsai, material talks and the future development of Asia-vision. ATV sources pointed out that, in addition to the Yuya will sell all the rights and interests of its own, there are also shareholders are discussing selling shares.　　There are news that Wang Zheng through the sound of Mao, purchase by Phoenix Satellite TV chairman Liu and businessman Kee through the dragon to maintain the 26.85% ATV, now both sides have entered the due diligence stage, if the scheme finally succeed, Wang Zheng will hold 37.6% Asian economic interests, voting rights more than 61%, become ATV holding shareholder. In fact, Wang Zheng is not the only protagonist of the rumor, the outside world has also been rumored that a Macao foreign gambling industry and a Hong Kong media operators are interested in the Asian view. On 20th last month, Payson, a major shareholder, said at a press conference that talks with at least 3 investors. Payson said that the premise of introducing new shareholders is that the other party must have sufficient funds and meet the shareholder's qualifications as stipulated in Hong Kong law.　　Facing the long-term weakness situation, Payson hope that the new shareholders have rich experience to help Asia-vision development. The Hong Kong Star Island Daily reported yesterday that Wang Zheng, in addition to its plans to buy ATV's holdings, chairman of Phoenix Satellite TV and Liu, a non-executive director of Asia Television, also proposed to offer Citic Group A takeover of its holdings. Sources familiar with ATV's internal operations said Wang Zheng has no experience in operating TV business, but the interest in the operation of ATV is surprisingly strong, in addition to buying the family's shares a few certainty, will also be acquired by the Liu and Kee a total of 26.8% of the shares held, even CITIC Group held 14.8%　　Shares in Tsai, chairman of Taiwan's Wang Wang Group, will also be bought together. The newspaper quoted unnamed sources as saying that Asian television held its board in Thursday, but there was no detailed account of Wang Zheng's shares, nor did it disclose how much the Wang Zheng would invest in ATV. The source pointed out that Wang Zheng and Tsai are still in discussions, in the end is Wang Zheng to Tsai proposed to buy ATV, or two people to the Asia-visualThere is still no final decision on the administration of governance. In this regard, the ATV senior Ye Jiabao yesterday to this newspaper, because the equity trading at the shareholder level, there is no such information.　　At present, the internal operation of the ATV is normal. It is understood that the 40 teenage Wang Zheng is the company's listed companies Rong Fung Holdings (000668.SZ) Chairman, the CPPCC members. Wang Zheng has been a senior member of a number of real estate companies in Hong Kong and holds Hong Kong identity cards. 1992, Shanghai Development of Elevated road, Wang Zheng in accordance with the Shanghai "in kind rent policy" to Shanghai, Nanjing City, the golden section of a close to 90,000 square meters of land, earning 170 million yuan, since this fame in Shanghai real estate sector. Some analysts believe that Wang Zheng has the identity of Hong Kong people, and familiar with the mainland market, the future development of ATV help, is the most vocal potential investors.　　During the last year, Wang Zheng was led by Payson to visit Dapu factory in Asia. Will the Wang Zheng of the licence play the role of the "Savior" of ATV? There is no official confirmation, it is unclear. But over the past more than 10 years, equity disputes have continued, the frequent changes in the ranks of ATV, which has been under pressure from rival TVB, are facing another crisis: under the decision of the HKSAR Government to expand the application for free public television licences, including cable TV rivals such as Urban telecommunications, cable broadband and even PCCW, Applications for free television licences have been announced since December 2009.　　The release of free television licences will deprive the already weak sub-vision of the only advantage.　　Information shows that Hong Kong currently has two free television and television broadcasts of TVB, as well as four pay television stations, including PCCW's now broadband, cable broadband cable TV, wireless pay TV and City Telecom's Hong Kong broadband. Feng, associate professor of the School of Journalism and Communication at the Chinese University of Hong Kong, said the government's opening up of free television licences had put an end to ATV's sales ——— even though television licences were non-transferable, the influx of rivals into free television would further reduce the brokerage contract of artistes. "ATV is not like the wireless or the shore, there is no real estate and other fixed assets." "Payson had previously said that the opening of free licences was detrimental to ATV. "For the audience, more competition and more choice is good, but it is very bad for ATV." "Competition also depends on whether it is vicious or benign," Payson said. Ye Jiabao yesterday also admitted to this newspaper, this will make ATV face more competition of rivals. "The most important thing is that the BA should be approved in accordance with the principle of fairness." ATV and wireless Over the past few years have voted billions of in the digital and High-definition transmission section, the hope that the new television stations should have a unified standard. "The former secretary for Commerce, Industry and Technology, Mr Joseph W P Wong, has previously written on the Asian-Hong Kong equity dispute, and on the surface it should be able to accommodate two free television stations."　　However, under the general trend of information diversification and networking, it is much more difficult to restore the vitality of ATV, which has been weak for many years, than to start a new television station. Between the internal and internal turmoil, the life of ATVTransport more eye-catching. Our correspondent Zhang Hong Kong to report on the change of stock rights in the past 1957 Asia as the predecessor of "Li's television station" was established, by the British Lai's Voice corporation has 1982 businessman Churdegen injection "Li's television" 100 million Hong Kong dollar, and easy to name "Asia TV" 1988 Lim family of the Lai new group and The New World Group of the Court, joined in the Asian-Vision 1989 Lim Acquisition of all the shares of Churdegen, chaired by Tung, Mrs Selina Chow as general Manager 1990 Tung Reduction of shares, ATV by the LIM chairman of the 1998 Phengxiaoping, Liu and Kee Company, and Wu, Wong Po-yan holding companies to collect 　　The acquisition of Kee in 2002, Liu held more than 40%, Kee as chief executive in 2006 CITIC Group to buy ATV, the same year in October to the chief executive and the administration of the application, not approved 2007 Cha family's name force group to join the acquisition, become the largest shareholder in 2009 Tsai, chairman of Wang Wang Group, became the second largest shareholder of Asia-vision