NEWS
Date of issue:2017/03/06Number of visits:
Executive President of YRIC David Chiu: Yongsheng did not completely abandon the bid for free TV licence

Yongsheng International (asia) Limited was established by David Chiu, Executive president of YRIC, Chairman of Far East Consortium International Limited. In September 2016, the Communications Authority was requested to suspend processing of its free television program license until further notice.

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Figure:David Chiu, Executive president of YRIC, Chairman of Far East Consortium International Ltd.


On Feburary 28, 2017, David Chiu indicated that Yongsheng did not completely abandon the bid for free TV license, but the structure of shareholders will change and the notice will be announced later. No information about the change in shareholders's ownership percentage will disclose at this stage. The only thing can be confirmed is that there will be a change in shareholder structure.

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Figure:David Chiu, Executive president of YRIC, Chairman of Far East Consortium International Ltd.


In April 2015, Yongsheng announced to apply for a free TV license, the chairman of the board is the son of ATV boss David Qiu. Common shareholders include the trust manager of Shun Tak Holdings ltd.He Chaoqiong, Chairman of R & F Properties, Li Si Lian, and Hony Capital etc.