Shaw Brothers said its shares were suspended yesterday “in relation to a possible privatisation of the company” by Sir Run Run, its chairman and controlling shareholder with a 75 per cent stake.
The shares were suspended at HK$8.13, giving Shaw Brothers a market capitalisation of HK$3.24bn ($418m).
Sir Run Run this year tried to sell his shares in Shaw Brothers, whose prized asset is a 26 per cent stake in Television Broadcasts (TVB), one of the world's biggest Chinese language TV stations, for HK$10bn. Sir Run Run is the chairman and founder of TVB.
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