- 3
Condition in
Reasons for
the Hutchvision Licence
inclusion in the
Hutchvision Licence
Proposed approach in the revamped regime
Justification for
the proposed approach
(ii) All big foreign
companies are
locally
incorporated.
(iii) A local point of
contact is needed.
(4)
Licensee must
(i)
to ensure
condition to be
(i)
Control of the
not be a
independence of
removed
subsidiary of
a licensee
any other
company
(ii)
to control
anti-avoidance
as regards
foreign
ownership
restrictions
licensee could be
increased through
purchasing of
shares of the
company if it is publicly listed,
the condition
therefore does not prevent domination of the company by somebody other than
the licensee.
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