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TVB sells 53% of Liann Yee

Television broadcaster TVB has sold 53% of its shares in its production company Liann Yee in Taiwan, which operates Taiwanese cable TV channels TVBS, TVBS News and TVBS Entertainment, for over HK$1.1 billion.

This was done by selling shares held by TVB wholly owned subsidiaries TVB Investment Limited (47%) and Countless Entertainment (6%) to three investment companies.

After the sale, TVB will own only 47% of shares of Liann Yee, which will no longer operate as a wholly owned subsidiary of TVB.

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