ATV discloses forced sale of 689.93 million ATL shares for HK$200.00 million; trading remains suspended

Bulletin Express

May 14

Asia Television Holdings Limited (ATV) announced that Receivers appointed over certain pledged assets completed a forced sale of 689.93 million ordinary shares in its indirect subsidiary, Asia Television Limited (ATL), on 14 November 2025. The block was acquired by British Virgin Islands-incorporated Prestige Media Limited for HK$200.00 million.

ATV stated that it currently lacks sufficient information to determine ATL’s asset position or to quantify the financial and operational impact of the disposal on the group. The board is seeking legal advice to assess whether the transaction complied with applicable laws and the relevant contractual terms, and indicated that it will pursue all necessary legal actions to safeguard the group’s interests.

Trading in ATV’s shares has been suspended since 11 August 2025 and will remain halted until further notice. Shareholders and potential investors are urged to exercise caution when dealing in the company’s securities.

As of 14 May 2026, ATV’s board comprises Executive Directors Zha Mengling and Liu Minbin, alongside Independent Non-executive Directors Dai Lei and Kuang Feng.

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