Patrick Frater Asia Bureau Chief Television Broadcasts, Hong Kong’s leading free-to-air broadcaster, has said that it is considering legal action against a group of shareholder activists.
The shareholder group, seemingly led by Chow Ngai Keung and publishing its critiques on Facebook, has made a series of complaints about TVB.
These include the allegation that TVB is operating a streaming app Maiduidui in Mainland China without the proper authorization and that TVB has misled shareholders over the official name of the company that ultimately holds executive control.
The minority shareholders have also criticized TVB for investments in Mainland Chinese firm SMI and State Reserve Energy Bonds, which have cost the company HK$1 billion ($128 million) of losses, and for its 2021 acquisition of e-commerce platform Ztore.
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