Star East Holdings is in talks with up to three local companies that have applied for pay-television licences about entertainment-content provision, according to director Philip Wong Kun-to. After the entertainment complex-franchiser and Web site operator's extraordinary shareholders meeting, Mr Wong said the company aimed to become a Chinese entertainment content provider to Internet operators. Shareholders yesterday approved the company's $420 million placement of new shares last month, the proceeds of which are to be used to reduce debt and increase working capital. 'We are talking to a Taiwanese broadband distributor . . . we are also considering using Pacific Century CyberWorks' broadband platform to deliver our content,' he said. Star East acquired the entire share capital of film and television production company Bob & Partners last month. Mr Wong said Bob & Partners had various copyrights on movies and television series and was planning to produce more next year. He said Star East would make a decision in one to two weeks on the sponsor for the dual-listing of its main Web site stareastnet.com on the Nasdaq and the Growth Enterprise Market (GEM). However, he said the site, launched in August, would not fulfil the GEM's two-year minimum operation requirement. 'We will probably obtain some kind of waiver on this, but I cannot disclose the details now,' he said. Star East will continue to sell its $400 million properties to lower debt.