TVB’s Prospects: Confidence, Improvements, and Seizing Market Opportunities

2023-08-14 01:11:43

Li Ruigang, chairman of CMC, said, “Although the business environment in the past few years has been full of challenges, I am still full of confidence in TVB’s prospects. We will fully support TVB’s efforts to improve and reform and innovate. With this additional funds, TVB is expected to better seize market opportunities.” Xu Tao, executive chairman of TVB, said, “At the beginning of this year, the economic environment in Hong Kong and the mainland was still full of challenges, which put some pressure on our performance from 2023 to now, but we are still firmly on the track of turning losses into profits.” Li Ruigang, a non-executive director of TVB, is a major shareholder of CMC Inc., while Young Lion Holdings Limited holds a 22.10% stake in TVB.Other reports Dongfeng issued a profit warning and expects to lose 75-80% in mid-term; Hong Kong stocks ADRs fell 235 points at night and fell 218 points; Tencent Music and other performances; Sinopec reduces its holdings of Profit
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