Asia Television Holdings Faces Forced Subsidiary Share Sale and Prolonged Trading Suspension
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Asia Television Holdings Limited announced the forced sale of 689,934,950 shares in its subsidiary, Asia Television Limited, to Prestige Media Limited for approximately HK$200 million. The board is currently unable to assess the financial impact of this transaction and is seeking legal advice. Trading of its shares on the Hong Kong Stock Exchange has been suspended since August 11, 2025, leading to uncertainty for shareholders. The company is undergoing restructuring amid ongoing financial stress and promises further updates.
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