IN
2
TUESDAY, MARCH 15, 1988
+
ANY
SINGLE
* NOT MORE THAN 10 PER CENT OF THE ISSUED SHARES IN A
BE
OR CONTROLLED BY SHALL
OWNED COMPANY SHAREHOLDER (THE 10 PER CENT RULE);
LICENSEE FOREIGN
PER
* WHERE A FOREIGN SHAREHOLDER OWNS OR HAS INTEREST IN TWO
THE LICENSEE CENT OR MORE OF THE ISSUED SHARES IN A LICENSEE COMPANY,
APPROVAL FROM THE BROADCASTING FORTHWITH SHALL AUTHORITY (THE TWO PER CENT RULE);
NOTIFY AND
HIS ON
SEEK
INTERESTS
IN A LICENSER LIMITS MAY APPLY TO WHICH HE HAD AS AT
THE
MADE GOVERNMENT
* ANY FOREIGN SHAREHOLDER HOLDING COMPANY OR ITS HOLDING COMPANY EXCEEDING THESE
SHAREHOLDING THE AUTHORITY TO RETAIN
THIS DATE WHEN NOVEMBER 24, 1987 (IT WAS
ISSUE OF FOREIGN OWNERSHIP). PUBLIC ITS INTENTION TO DEAL WITH THE HOWEVER, IF HIS SHAREHOLDING WERE TO BE REDUCED IN NOT BE PERMITTED TO REBUILD KIS WITH THE NEW RULES;
* NO LIMIT SHALL
BE
OTHER HOLDING,
FUTURE, HE WOULD THAN IN ACCORDANCE
PERCENTAGE
IMPOSED ON THE MAXIMUM SHARES AN INDIVIDUAL CAN HOLD IN A LICENSEE COMPANY PROVIDED THAT AND ORDINARILY RESIDENT INDIVIDUAL IS A PERMANENT RESIDENT OF, HONG KONG; AND
OF
THE
IN,
COMPANY SHALL BE
* A MAJORITY OF THE DIRECTORS OF A LICENSEE PERMANENT RESIDENTS OF, AND ORDINARILY RESIDENT IN, HONG KONG.
TELEVISION STATIONS, THE
ON FOREIGN OWNERSHIP AND CONTROL OF AUTHORITY NOTED THAT LEGISLATION IN MANY OVERSEAS AUSTRALIA, U.K., U.S.A. AND NEW ZEALAND WAS MUCH PROPOSED BY THE AUTHORITY.
COUNTRIES SUCH AS STRICTER THAN THAT
HOLDER OF A IT RECOMMENDED THAT A LOCAL PERSON SHOULD BE THE
ORDINARILY AND
RESIDENT IN HONG PERMANENT HONG KONG IDENTITY CARD KONG. ANYONE WHO FAILED TO MEET THAT CRITERIA WOULD BE REGARDED "FOREIGNER" FOR THE PURPOSES OF THE TELEVISION ORDINANCE. AND CASE OF COMPANIES, A LOCAL COMPANY WOULD BE CONTROLLED BY WERE PERMANENT RESIDENTS AND ORDINARILY RESIDENT IN HONG KONG.
MR TSAO SAID THAT THE TERMS AND CONDITIONS OF THE
THROUGHOUT THE MID-TERM REVIEW IN 1994.
ACCEPTED, WERE INTENDED PERIOD. THERE SHOULD BE A
TO APPLY
AS A
IN
THE
WHO
PEOPLE
LICENCE,
12-YEAR
IF LICENCE
13