Brief: Hong Kong's Authority Advises Phoenix Satellite Television To Observe Licence Condition Closely

Phoenix Media Investment (Holdings)

24/06/2021 09:13

June 24 (Reuters) - Communications Authority: 
    * SAYS PHOENIX SATELLITE TELEVISION COMPANY LTD  FAILED TO
SEEK
REQUISITE APPROVAL OF THE AUTHORITY PRIOR TO IMPLEMENTATION OF
CHANGES TO ITS SHAREHOLDING STRUCTURE
    * SAYS BREACH OF LICENCE CONDITION FALLS ON THE PERIODS FROM
JULY
18, 2018, TO MARCH 24, 2021, AND FROM AUGUST 22, 2018, TO MARCH
24, 2021
    * SAYS IT ADVISES PHOENIX TO OBSERVE RELEVANT LICENCE
CONDITION
MORE CLOSELY

Source text in Chinese: https://bit.ly/3gYOtyC
Further company coverage:  2008.HK 

 (Reporting by Hong Kong newsroom)
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