Asia Television Seeks Provisional Liquidators to Pursue Restructuring

MT Newswires Live10-21

Asia Television (HKG:0707) has submitted an application to the Grand Court of the Cayman Islands for the appointment of joint provisional liquidators, along with a winding-up petition, according to a Monday Hong Kong bourse filing.

The broadcasting firm said the move is in the best interests of the company, its shareholders, and creditors, and aims to allow the proposed liquidators to develop a viable restructuring plan to keep the company operating as a going concern.

The liquidators would also be empowered to communicate with regulators, fulfill listing requirements, and investigate the company's affairs, the filing added.

The company said it will issue further updates once the application and petition are formally filed.

Trading in Asia Television's shares has been suspended since Aug. 11, and will remain suspended until further notice.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2577812510?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-10-21 11:49","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2577812510","market":"us","top_or_hot":-1,"title":"Asia Television Seeks Provisional Liquidators to Pursue Restructuring","media":"MT Newswires Live","content":"<html><body><p> Asia Television (HKG:0707) has submitted an application to the Grand Court of the Cayman Islands for the appointment of joint provisional liquidators, along with a winding-up petition, according to a Monday Hong Kong bourse filing.</p><p>The broadcasting firm said the move is in the best interests of the company, its shareholders, and creditors, and aims to allow the proposed liquidators to develop a viable restructuring plan to keep the company operating as a going concern.</p><p>The liquidators would also be empowered to communicate with regulators, fulfill listing requirements, and investigate the company's affairs, the filing added.</p><p>The company said it will issue further updates once the application and petition are formally filed.</p><p>Trading in Asia Television's shares has been suspended since Aug. 11, and will remain suspended until further notice.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Asia Television Seeks Provisional Liquidators to Pursue Restructuring</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAsia Television Seeks Provisional Liquidators to Pursue Restructuring\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2025-10-21 11:49</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Asia Television (HKG:0707) has submitted an application to the Grand Court of the Cayman Islands for the appointment of joint provisional liquidators, along with a winding-up petition, according to a Monday Hong Kong bourse filing.</p><p>The broadcasting firm said the move is in the best interests of the company, its shareholders, and creditors, and aims to allow the proposed liquidators to develop a viable restructuring plan to keep the company operating as a going concern.</p><p>The liquidators would also be empowered to communicate with regulators, fulfill listing requirements, and investigate the company's affairs, the filing added.</p><p>The company said it will issue further updates once the application and petition are formally filed.</p><p>Trading in Asia Television's shares has been suspended since Aug. 11, and will remain suspended until further notice.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1160","symbol_name":"纺织品","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2577812510","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2577812510","pubTimestamp":1761018596,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Asia Television  has submitted an application to the Grand Court of the Cayman Islands for the appointment of joint provisional liquidators, along with a winding-up petition, according to a Monday Hong Kong bourse filing.The broadcasting firm said the move is in the best interests of the company, its shareholders, and creditors, and aims to allow the proposed liquidators to develop a viable restructuring plan to keep the company operating as a going concern.The liquidators would also be empowered to communicate with regulators, fulfill listing requirements, and investigate the company's affairs, the filing added.The company said it will issue further updates once the application and petition are formally filed.Trading in Asia Television's shares has been suspended since Aug. 11, and will remain suspended until further notice.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1160":"纺织品","00707":"亚洲电视控股"},"translate_title":"亚洲电视寻求临时清盘人寻求重组","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00707":0.9},"content_text":"Asia Television (HKG:0707) has submitted an application to the Grand Court of the Cayman Islands for the appointment of joint provisional liquidators, along with a winding-up petition, according to a Monday Hong Kong bourse filing.The broadcasting firm said the move is in the best interests of the company, its shareholders, and creditors, and aims to allow the proposed liquidators to develop a viable restructuring plan to keep the company operating as a going concern.The liquidators would also be empowered to communicate with regulators, fulfill listing requirements, and investigate the company's affairs, the filing added.The company said it will issue further updates once the application and petition are formally filed.Trading in Asia Television's shares has been suspended since Aug. 11, and will remain suspended until further notice.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2577812510","isCrawlerRequest":true}