Mr Chan's acquisition of TVB Insider exposure: Private buy price up to 9 billion

Mr Chan has been given the choice to interview the Hong Kong Television Broadcasting Corporation (TVB) for changing sovereignty and its bid has been widely debated.　　According to the disclosure of the rights and interests of HKEx, Mr Chan Kwok-keung, the chairman of the group, bought about 26% per cent of TVB's shares by buying Shaw Brothers on January 26, with a total value of HK $55 (in the same terms), amounting to about 6.265 billion yuan (not counting the values of the clear Water Bay site held by the Shaw Brothers), roughly in line with Chan Kwok-keung in private name to buy trading in Wednesday after the announcement, TVB shares in recent days to weaken, the days before the 42.8 yuan, rebounded 2.15%.　　Prior to the closing price of the day, TVB now has a market value of 18.7 billion yuan. HKEx Information disclosed that Mr Chan Kwok-Keung became a major shareholder of TVB on January 26 and the number of shares involved was 113.9 million shares, priced at 55 yuan per share, and the total acquisition price amounted to 6.265 billion yuan.　　The data also showed that Mr Chan was 100% in possession of Shaw brothers, reflecting that the acquisition was to buy Shaw in the private name of Mr. Chan Kwok-keung, and then to introduce other investors to join the consortium, that is, Chan Kwok-keung was the mastermind of the deal. Total purchase price or as high as 9 billion however, the price disclosed by HKEx only reflects the value of about 26% per cent of TVB's shares; Mr Chan bought the Shaw Brothers assets, in addition to TVB shares, but also includes a good quality land in Clearwater Bay, so the entire transaction should be higher.　　Earlier in the market, the purchase price of the whole transaction ranged from 8 billion to $9 billion. Morgan Stanley in the TVB equity trading after the report said, to the rumor of the 9 billion yuan purchase price calculation, after the clear Water Bay site valuation, about 26% of TVB shares priced about 6.3 billion yuan, higher than the market price of about 20%.　　Morgan Stanley also believes that the new shareholders will help TVB strengthen the mainland business, advertising revenue this year is expected to be upgraded to maintain the company's "sync with the city" rating and 44 yuan target price, but refers to a room for upward adjustment. The "Shell King" Chan Kwok-keung is the United Taiwan's richest woman Wang and private equity Providence Equity Partners to form a consortium to buy Shaw Brothers, but the proportion of the parties to the contribution is not announced. Mr Chan, after trading, has been avoiding the media and continuing to "selectively" disclose details of TVB's transactions to individual media. Sun)