Li Ruigang Acquires Stake In Hong Kong’s TVB

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Hong Kong’s largest broadcaster Television Broadcasts Limited (TVB) says that it has won government approval to accept investment from Li Ruigang, chairman of Chinese media conglomerate the Shanghai Media Group, according to a company announcement.

Li Ruigang, who is also the founder CMC Capital Partners, will become a member of Young Lion Holdings Limited, an investor group indirectly holding 26% of TVB.

China Money Network

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