ATV Receives 1 Billion Capital Injection to Get Out of Hong Kong by OTT


Earlier, Asian television executive director Ye Jiabao announced at the company's activities that ATV shareholders and new investors have signed sales contracts, and they will continue to actively apply for free TV licenses in the future. It is reported that Si Rongbin, the chairman of Qingdao Zhongjin Group, plans to spend a maximum of one billion yuan to buy 52.42% of ATV shares from ATV’s major shareholder Huang Bingjun and Wang Zheng. Both parties signed a sales contract on June 11. ATV News’s interviewer revealed that new buyers are interested in operating 24-hour financial TV stations.

After obtaining a billion yuan in investment, ATV can be described as "everything after a long drought." New recruiting information was recently released. According to the recruitment information, ATV’s redevelopment plan is the “Sanya” plan. They include:


・Asian TV


・ Improve ATV Satellite TV coverage


・ATV OTT platform to develop creative multimedia

It is learnt that the Group has re-approved the application for a free television license to the Hong Kong Government after coordinating with Asian TV to improve its program structure.






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