The new owners of cable television provider i-Cable have announced plans for a rights issue whose proceeds will be used to revive the loss-making company. Photo: Edward Wong/SCMP

Pay TV operator i-Cable sinks 30 per cent after investors balk at US$88 million fundraising plan

  • Hong Kong’s biggest cable television provider plans to use more than half of the fresh funds for producing and buying programmes and channels
  • Controlling shareholders Henry Cheng and David Chui will subscribe to the offer
Topic |   Hong Kong economy

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The new owners of cable television provider i-Cable have announced plans for a rights issue whose proceeds will be used to revive the loss-making company. Photo: Edward Wong/SCMP
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