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172435
MDHIAN 2474
14. RESTRICTION OF FOREIGN OWNERSHIP IN A TELEVISION LICENSEE
COMPANY IS ACCEPTED INTERNATIONAL PRACTICE. THE CONTROLS IN HONG KONG
ARE CONSIDERABLY MORE FLEXIBLE THAN THOSE ELSEWHERE.
15. THE CONTROLS ON FOREIGN OWNERSHIP ARE NOT NEW : THE EXISTING
LEGISLATION ALREADY PROVIDES FOR THEM BUT FOR REASONS EXPLAINED
EARLIER RELATED TO CORPORATE STRUCTURE
DESIRED EFFECT.
THEY HAVE NOT ACHIEVED THE
16. THE REVISED LEVELS OF INDIVIDUAL FOREIGN OWNERSHIP WILL NOT
AFFECT HOLDINGS ACQUIRED PRIOR TO THE ISSUE OF THE GOVERNMENT PRESS RELEASE ON 24 NOVEMBER 1987. FOREIGN SHAREHOLDERS, WHETHER INDIVIDUAL OR CORPORATE, WHO EXCEED THE 10 PERCENT LIMITS MAY APPLY TO THE BA TO RETAIN THEIR THEN EXISTING HOLDINGS.
WILSON
WASHINGTON PLEASE PASS SAN FRANCISCO
YYYY
ΜΑΙΝ
16
MINIMAL
ADDITIONAL
HKGO LONDON
NNNN
1
DISTRIBUTION
17
HKD
4
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