Television Broadcasts is at present Hong Kong's sole free television broadcaster. Established in 1967, it is one of the largest commercial Chinese programme producers in the world.

Exterior of TVB City in Tseung Kwan O. Photo: SCMP

TVB’s second-largest shareholder says it rejects buyback offer

The plan by Chinese media mogul Li Ruigang to tighten his grip on Hong Kong’s main free-to-air television broadcaster may be heading for a messy tussle, after TVB’s second-largest shareholder today declared its opposition to a HK$4.21 billion buyback proposal.