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Shaw Brothers raises stake in TVB to 25.02% with CA approval

TVB allotted 20 million new shares to Shaw Brothers.

The Communications Authority (CA) has approved TVB's application to change its shareholding structure with the allotment of 20 million new shares to its major shareholder, Shaw Brothers.

This change increased Shaw Brothers’ stake in TVB from 21.66% to 25.02%.

CA said that TVB will continue to comply with all applicable regulatory requirements under the Broadcasting Ordinance and its free TV licence.

TVB said that the shareholding changes will not have any material effect to the legal and beneficial ownership of the licensee.

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