Asia Television Subsidiary Faces HK$3M Payout

Asia Television Holdings Limited (HK:0707) has released an update.

Asia Television Holdings Limited has announced that its subsidiary is required to pay HK$3 million plus interest following a court ruling in a litigation case with ChinaTrends Holdings Limited. The court’s decision on the assessment of damages is pending, but the company reassures shareholders that the lawsuit will not significantly impact its financial health or operations. Further updates will be provided as the case develops.

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