TNAG-0351-FCO40-387-Future-of-broadcasting-in-Hong-Kong-1972 — Page 48

(Cap. 32.)

10

(ii) not less than 25 per cent of

the voting shares of the company

are listed at all times with at

least one recognized stock exchange

in the Colony within the meaning

of the Companies Ordinance;

(c)

shall refuse to register the

transfer of any of the voting shares

of the company if to register the

transfer will result, or will be

likely to result, in the contra-

vention of paragraph (b)(i); and

(a)

shall not acquire a controlling

interest in, or own more than 49

per cent of the voting shares of,

any company, corporation or firm

which carries on or controls any

form of business not directly

connected or associated with the

establishment and operation of a

television broadcasting service or

such associated ancillary tele-

communication services as may be

authorized by the Telecommunications

Authority.

(2) Subject to section 11A, no dis-

qualified person who exercises control of a