Liu Changle owned 1.9 billion shares, or 38.08 per cent of Phoenix, according to disclosures to Hong Kong Exchanges and Clearing. Photo: Edward Wong
Liu Changle owned 1.9 billion shares, or 38.08 per cent of Phoenix, according to disclosures to Hong Kong Exchanges and Clearing. Photo: Edward Wong

Phoenix Media founder sells almost all his shares to Beijing-backed publisher and Pansy Ho’s Shun Tak in deals worth US$149.2 million

  • Liu’s Today’s Asia has agreed to sell a 21 per cent stake to Bauhinia Culture and a 16.9 per cent stake to Common Sense, which is owned by Shun Tak
  • At 61 HK cents per share, the deals represent a 21.8 per cent discount to Friday’s closing price of 78 HK cents

Liu Changle owned 1.9 billion shares, or 38.08 per cent of Phoenix, according to disclosures to Hong Kong Exchanges and Clearing. Photo: Edward Wong
Liu Changle owned 1.9 billion shares, or 38.08 per cent of Phoenix, according to disclosures to Hong Kong Exchanges and Clearing. Photo: Edward Wong
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