Bond U.K. stake
NZPA-Reuter Hong Kong Australian businessman Alan Bond has clinched a 23.77 per cent stake in a Hong Kong television station for SHKI.4 billion (5NZ344.6 million), his company, Bond Corporation International, said.
Ending days of speculation, Bond Corporation said it would buy 99.8 million shares in HK-TVB — one of Hong Kong’s two television stations — from stock held by its chairman, Chinese film magnate Sir Run Run Shaw.
The announcement said Bond would pay SHKI4 dollars a share in cash and finance the acquisi-
tion by a short-term bank loan. Bond International said it would also soon make a SHKI billion rights issue to its shareholders to refinance the bank loan. . Stockbrokers had been expecting a total takeover of TVB. There also had been newspaper speculation of a possible counter-offer by Australian media tycoon, Mr Rupert Murdoch.
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Press, 13 January 1987, Page 27
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138Bond U.K. stake Press, 13 January 1987, Page 27
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