Brief: Television Broadcasts updates on cash offer to repurchase shares
24/01/2017 10:31
Jan 24 (Reuters) - Television Broadcasts Ltd 0511.HK
* Offer will be made by BOFAML on behalf of company to
repurchase up to 138 million shares at price of hk$30.50 per
share
* Offer, if accepted in full, will result in company paying
approximately hk$4.21 billion to accepting shareholders
* Consideration for offer will be paid in cash and will be
funded by existing cash resources of group
Source text for Eikon: ID:nHKS2rzjpt
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