A group of minority shareholders of TVB (TVB, 0511) issued an open letter to the company's board of directors on Monday (30th), pointing out that the company has 7 major mistakes, and asked the company to respond before 5 pm today (3rd).
As of today at 5:15 pm, the Big League posted on its Facebook page, pointing out that it has not received a response from the company’s board of directors as of 5:00 pm. With the unanimous consent of all members, the Big League will first contact and invite TVB’s top 20 shareholders (except Young Lion) join the big leagues.
The post also pointed out that the major league will announce the convening of a special general meeting of shareholders and other related matters in the second press conference after confirming the list of all new major league shareholders.
The Big League appealed to all TVB shareholders in the post. If you are interested in joining the Big League, please contact us by email and will arrange the relevant registration procedures as soon as possible. Thank you for your attention.
The major leagues held a press conference on Monday to express their demands
In addition to sending an open letter to the board of directors on Monday, MLS also met with the media through the convener. At that time, the convener pointed out that more than 10 Hong Kong minority shareholders hold 5% of the company's shares; Actions, including not excluding contacting institutional investors and convening shareholder meetings, etc., but will not increase holdings.
According to data, Young Lion, headed by non-executive directors Li Ruigang and Xu Jing, holds 22.1%, and chairman and executive director Xu Tao holds 1.37%.
In terms of other investors, the fund Silchestor holds 14.02%, Dodge & Cox holds 9.17%, Taiwanese billionaire Wang Wenhong's husband Chen Wenqi holds 3.9%, and Dazheng Capital once disclosed that it holds less than 5%.
The company issued a statement denying the allegations
Regarding the open letter issued by the major leagues, TVB responded on Monday.
The company issued a statement pointing out that in response to the rumors circulating on the Internet, TVB is now making a solemn statement that the content of the allegations is groundless and must be clarified to set the record straight.
In the past few years, Hong Kong has been hit by both social movements and the new crown epidemic. Under the difficult environment, TVB still maintains a good performance. TVB's flagship TV channel is still the TV channel with the most viewers in Hong Kong, and the total prime-time ratings remain at More than 25 points, the audience share is 77%.
The mainland China business climbed 42% in the first half of last year.
TVB attaches great importance to the level of corporate governance, and strictly abides by the listing rules and broadcasting regulations, maintains a transparent governance model with shareholders and stakeholders, and strives to seek long-term sustainable development returns for shareholders while operating well.
Regarding the allegations in the open letter, TVB strongly denies and reserves the right to pursue legal action.
Small shareholders of TVB issued an open letter pointing out 7 major faults. General manager Zeng Zhiwei responded in 5 words to TVB being accused by a minority shareholder alliance of 7 major faults. One of the representatives of the alliance once made such a move. TVB bought 21% of the voting rights. Supplementary information Jade Oriental earned 2837 last year 10,000 RMB Minority Shareholder Sues TVB 7 Major Mistakes Worried About Prospects Says If No Response Will Take Further Actions TVB Minority Shareholder Issues An Open Letter Pointing Out The 7 Major Mistakes Of The Board Of Directors TVB: The Allegation Is Groundless
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