HKTV (1137 HK): $2.15/Share Buy-Back
Online shopping platform play Hong Kong Television Network (1137 HK) (better known as HKTV) has announced a buy-back of 11.25% of shares out, at $2.15/share, a 20.8% premium to undisturbed.
If successful, the Offer elevates co-founder Ricky Wong's stake, together with concert parties, to 51.55% (before exercising options), up from 45.75% currently.
HKTV has been in the news lately for all the wrong reasons: claims of non-payments to suppliers; and delaying its 2026 target after a 79% decline in FY23's net profit.
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