A stake of 54,609,000 shares -- or 19.46 percent -- of government-owned Taiwan Television Enterprise (TTV) will be sold to the public at a price of NT$12 (US$0.36) per share between May 22 and June 1, the government has announced.
"We are continuing our effort to withdraw from the media industry completely. We hereby urge the public to help by purchasing these TTV shares," said Chen Mei-ling (陳美伶), Cabinet spokeswoman.
Vice Minister of Finance Liu Teng-cheng (劉燈城) said that the entire process of selling government shares to the public is expected to be completed by Sept. 6. Liu said that although the current price is NT$8.09, TTV's future is promising.
"The Unique Group (非凡國際) won the [previous] bid with a price of NT$24.1. The group already owns a TV station, and I don't think they would have offered such a price for no reason," Liu said.
The group won its bid on April 11. It owns 25.77 percent of TTV's shares, and is now the largest shareholder in the company.
To purchase TTV shares, investors must be a Taiwanese citizen, and each investor will be allowed to apply for a maximum of 3,000 shares. The price for the public (NT$12 per share) was set by a committee that represents the government, following consultations with a financial advisory company and Capital Securities Corp (
Chinese-language media reports say that TTV posted a pre-tax loss of NT$350 million last year.
"Information related to the offer can be found on the Internet and at 0800-097-988," Chen said.
Hong Kong singer Eason Chan’s (陳奕迅) concerts in Kaohsiung this weekend have been postponed after he was diagnosed with Covid-19 this morning, the organizer said today. Chan’s “FEAR and DREAMS” concert which was scheduled to be held in the coming three days at the Kaohsiung Arena would be rescheduled to May 29, 30 and 31, while the three shows scheduled over the next weekend, from May 23 to 25, would be held as usual, Universal Music said in a statement. Ticket holders can apply for a full refund or attend the postponed concerts with the same seating, the organizer said. Refund arrangements would
Taiwanese indie band Sunset Rollercoaster and South Korean outfit Hyukoh collectively received the most nominations at this year’s Golden Melody Awards, earning a total of seven nods from the jury on Wednesday. The bands collaborated on their 2024 album AAA, which received nominations for best band, best album producer, best album design and best vocal album recording. “Young Man,” a single from the album, earned nominations for song of the year and best music video, while another track, “Antenna,” also received a best music video nomination. Late Hong Kong-American singer Khalil Fong (方大同) was named the jury award winner for his 2024 album
Palauan President Surangel Whipps Jr arrived in Taiwan last night to kick off his first visit to the country since beginning his second term earlier this year. After arriving at Taoyuan International Airport at around 6:30 pm, Whipps and his delegation were welcomed by Minister of Foreign Affairs Lin Chia-lung (林佳龍). Speaking to gathered media, the Palauan leader said he was excited and honored to be back in Taiwan on his first state visit to Taiwan since he was sworn in this January. Among those traveling with Whipps is Minister of State Gustav N. Aitaro, Public Infrastructure
Premier Cho Jung-tai (卓榮泰) on Friday laid out the Cabinet’s updated policy agenda and recapped the government’s achievements ahead of the one-year anniversary of President William Lai’s (賴清德) inauguration. Cho said the government had made progress across a range of areas, including rebuilding Hualien, cracking down on fraud, improving pedestrian safety and promoting economic growth. “I hope the public will not have the impression that the Cabinet only asked the legislature to reconsider a bunch of legal amendments,” Cho said, calling the moves “necessary” to protect constitutional governance and the public’s interest. The Cabinet would work toward achieving its “1+7” plan, he said. The
RSS