The Koos Group, Taiwan's largest conglomerate, is consolidating its 19 cable television operators to pave the way for a listing either in Hong Kong or on the domestic market.
The listing plan was unveiled two weeks after rival Eastern Multimedia announced plans to raise up to US$500 million on Hong Kong's main board by the end of this year.
To prepare for possible listing of the group's cable television assets, it is planning to consolidate the assets into one holding company.
Koos Group board member Leslie Koo Cheng-yun said the reorganisation was expected to be completed within this year.
However, Mr Koo said the group - which was also involved in the finance, insurance, telecommunications, satellite, and cement sectors - had no specific timetable for the listing as it depended on market sentiment.
The group was considering the possibility of spinning off the cable television assets for a separate listing either in Hong Kong or Taipei, Mr Koo said.
'We have not decided where to go. It depends on where we can raise more money,' he said.
