Shaw Brothers suspended trading this morning. According to Ming Pao, this may be due to a possible privatisation by major shareholders. Since the beginning of this year, there have been rumours saying that the chairman of Country Garden (2007), Yeung Kwok Keung, is interested in taking a stake in Television Broadcast Limited (TVB) (511) or a stake in Shaw Brothers (80) which is also a majority shareholder of TVB. This transaction was unfortunately aborted because Country Garden’s share has tumbled a lot this year and the chairman could not get financing from banks.
Will this privatisation bring new management into TVB? We’ll find out soon.
