3
companies in Hong Kong may be completely held by foreign
the majority shareholders being
nationals
nationals residing in Hong Kong;
rest,
Kong; and the rest,
nationals not residing in Hong Kong.
foreign
foreign
If the shares were
all held by foreign nationals, would it not mean that the Executive Directors and the principal administrators would all then be foreign nationals? If so, then the management
be would
in the hands of of television broadcasting
foreign nationals.
5.
beyond 1997,
While
The television licences, if valid
if valid beyond
would be relevant to the Hong Kong SAR Government. the Hong Kong SAR would protect the financial gains of
investment,
it is believed that it foreign
to control the definitely not allow foreign nationals
of an area
as important management
broadcasting.
would
as
television
0186Z
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