Wang Yung-ching of Taiwan, daughter of the late Regal shares will be easy to master TVB television Kingdom

 The late Taiwan

wealthy daughter of Cher Wang (data plan).

People's Daily reported on January 27, according to Wen Wei Po reported in Hong Kong, TVB has repeatedly heard in recent years, selling the message, the prospective purchaser of the three places all over the rich, but each time is Lightning last night, suddenly appeared the real thing, TVB announced on the Stock Exchange circulars, Shaw Brothers will be on hand to shareholders equity of 26% of TVB and other assets sold to the daughter and co-group of private equity investment group, Kingdom of generation of television will be easy to master. Market estimates, although the share price terms at 26% equity market value of about 5.2 billion, but the actual transactions involving capital may be higher than 100 billion yuan, and believe in the good news stimulation, TVB's share price upside.

TVB Notice refers to an investment group led by Chan Kwok-keung Shaw Brothers will acquire all assets, including TVB 1.14 million shares or 26% stake in the two other members of the group late Regal Wang Yung-ching of Taiwan daughter Cher Wang and private equity funds Providence Equity Partners, expects the deal will be March 31 this year, or before, but the notice did not disclose the transaction price. The Shaw Foundation (Hong Kong) 2,729 shares held by TVB or 6.23% of interest will also be completed on or before the resale of shares, sale of part of the shares to independent third parties.

notice also said the transaction is completed when the above two, Shaw Foundation (Hong Kong), Vice Chairman and Managing Director of TV broadcasting Mona Fong, the investment consortium, Chan Kwok-keung, Cher Wang and Providence Equity Partners will directly and indirectly holds a total of not more than three TVB into equity.

TVB middle finger in a news release Kwok-keung is another well-known entrepreneurs, the investment group to the media industry background and experience, will be able to play a more excellent business and investment group that joined after the injection for the company new impetus to release positive energy, on the whole very positive impact of the Hong Kong media industry. In addition, the transaction is completed, Chan Kwok-keung, Cher Wang and Chief Executive Officer of Providence, Jonathan Nelson, the current management, including the Chairman, the Deputy Executive Chairman, Chairman and Managing Director, etc. remain unchanged.

Cher had the backing of Chan Kwok-keung m


In fact, as early as September last year, Henderson TVB Vice Chairman Lee Ka Kit, when a private negotiation, Chan Kwok-keung was also publicly expressed interest in , but lack of funds, Formosa Plastics Group Chairman Wang Yung-ching had this daughter Cher Wang of this large drain pipes, together with private equity funds Supporter,

both the buyer and the seller and the price terms of the transaction were not disclosed, but according to TVB yesterday's closing price of 45.9 yuan terms, the book purchase price of at least 5.23 billion yuan, but in general, such large-scale acquisitions are a premium, together with Shaw in addition to holding TVB, but its more a few pieces of land, the land valuation has been more than several billion dollars, the reference before the prospective buyers bid, such as Country Garden chairman Yeung Kwok Keung, 08 to 11 billion per share takeover offer for Shaw, Lee Ka Kit Henderson last September to 9.2 billion proposed acquisition is, when the news that fell through. Market estimates, this acquisition can be done, involving capital should not exceed 100 billion yuan.

(This article Source: People's Daily)