Brief: Television Broadcasts updates on cash offer to repurchase shares

TVB

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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