Cai Yan-ming, chairman of Wantwant buys ATV shares

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    By Guest cici,

    Cai Yan-ming, chairman of Wantwant buys ATV shares

    source: takungpao

    translated by cici@AsianEU

     

    Cai Yan-ming, chairman of WantWant purchase ATV shares on behalf of his family, and whether ATV can be brought back to life will have to wait and see

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    In financial hardship, there is further changes to ATV shareholders, and ATV non-executive director Chan Wing-kei confirmed yesterday that STAR WANTWANT GROUP TAIWAN Chairman CAI Yan-Ming plans to purchase ATV shares owned by a Dutch Bank in the name of the family; and Payson Cha family continues to have a controlling stake in ATV. Chan Wing-kei described the transaction for the financial stringency of the ATV is definitely "a toast", and believed the future of ATV will be moving in the right direction.

     

    ATV personnel changes constantly, and equity has changed hands several times. At present, there are four ATV shareholders and holding the largest stake is Alnery which is currently owned by Payson Cha family, former Chief Executive Officer of ATV Fei To Yee and ABN AMRO, controlling almost half of the total equity of the ATV. Some of the shares hold by ABN AMRO Bank at present is bought by Cai Yan-ming. In addition to Alnery equity, Payson Cha and family also holds more than 10 percent of ATV equity through Shun-Tai Group, so Payson Cha and family still have control of ATV equity, and the ratio of stake in ATV owned by Alnery will remain unchanged.

     

    Cai Yan-ming background is not small; according to "Forbes" estimates, Cai Yan-ming has a net worth of 2.6 billion U.S. dollars or about 20.28 billion Hong Kong dollars. Cai Yan-ming mentioned a number of times in recent years of hoping to become shareholders of media organizations, therefore in Taiwan as a private citizen, he bought media companies such as Chinatimes. This time, the largest ATV shareholder is Alnery and its equity is owned by joint-venture company consisting of Cai Yan-ming and Alnery. Cai Yan-ming will inject capital into ATV so that ATV can continue normal operation.

     

    When responding to this reporter's inquiries, Chan Wing-kei said, "Mr. Cai has robust economic strength, and is familiar to television media, and I believe he can provide various support in financial resources to ATV... ... together with the shareholder ABN AMRO Bank under Scotland acquisition, and Bank of Scotland was also takeover by the government, therefore ABN AMRO has been in a weak position, so Mr. Cai is a very smart investor".

     

    As for the future production policies of ATV, Chan Wing-kei says, "ATV is still a tv station controlled by the people of Hong Kong. Though holding power is in the hands of Mr Payson Cha, ATV's approach to the future is based on the best direction for the development of ATV, I see the future ATV's capital will be more solid.", asked about how attractive is ATV under the financial hardship? Chan Wing-kei believes that ATV as one of two free television stations in Hong Kong is definitely has its attractions, but he did not further disclose the price and transaction details.

     

    ATV has been frequently exclaiming they are poor earlier, ATV Executive Linus Cheung has said, "In the past two or three decades, ATV has lost more than five billion... ...such that it's considered a miracle of ATV without closing up", He also says that ATV needs at least nearly one billion dollars in the next three years in order to revive, and hopes that ATV can turn losses into profits in the next two to three years, as well as becoming a listed company in five years. As for the equity to change hands, ATV management has yet to comment.

     

    Commerce and Economic Development Bureau spokesman says the BA has not yet received the application of change in ATV shareholding. The spokesman says that ATV as a free-to-air television licensees, once a change in ownership, it needs to apply to the BA.


    Half-brother sentenced to probation for indecent assaulting younger half-brother's private part

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    By Guest cici,

    Half-brother sentenced to probation for indecent assaulting younger half-brother's private part

    source: takungpao

    translated by cici@AsianEU

     

    A courier dissatisfy with his father marrying a stepmother that he molests his stepbrother stroking younger brother's lower private part during sleep in order to drive the woman away. The younger brother who is repeatedly molested awoken from sleep reprimanding the stepbrother "crazy", who later complains to the school which exposes this incident. The younger brother says he has been molested since kindergarten. The school later informs that the police and the courier earlier admits charges of indecent assault, and is sentenced to 15 months of probation in Eastern Magistracy yesterday.

     

    The 25 years old man has a half-brother who is eight-years-old this year studying 3rd grade at a primary school. The defendant admits to indecent assaulting the victim in a residential building in East District Hong Kong Island on October 14 last year. The magistrate judge points out that the case is serious. Though the defendant has a different mom from the victim, the victim is still the defendant's half "brother", therefore the judge cannot unacceptable the defendant's crime, but he accepts the defendant having no intention to hurt the young victim. At the same time, the magistrate warns the defendant that he must receives probation officer instructions to participate in drug or gambling addiction problems treatment.

     

    The defense in mitigation says the defendant is not whole-heartedly wanting to indecent assault the victim, and the defendant has now moved away, therefore the chances of the defendant contacting the younger brother is low, as a result pleading the court to give lenient sentence.


    Former Miss Hong Kong Chan Miao-ying's restaurant lost 350,000 to burglary

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    By Guest cici,

    Former Miss Hong Kong Chan Miao-ying's restaurant lost 350 thousand to burglary

    source: takungpao

    translated by cici@AsianEU

     

    Kong Nam Kitchen business still as usual after the burglary

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    Former Miss Hong Kong, Chan Miao-ying abandons her entertainment career to establish a successful career Kingdom, who operates a restaurant in Sha Tin, which is discovered to be burglarized yesterday morning. The thief sneaked in by opening the back door glass window, and closed the back door window after stealing that police at one point suspected it was an "inside job". Eventually, police realized it was an "outside job". The shop is claiming a loss of about 350 thousand turnover.

     

    Kong Nan Kitchen at Chik Fuk Street in Tai Wai opened last year, and it was opened for business as usual during the festive period, thus the restaurant had revenue from several day business and petty cash for changes. After closing the shop at midnight last night, staff left in batches. Close to five o'clock yesterday morning, the kitchen staff started work in the kitchen to prepare fresh food, during which when someone thought it was unusual to have the bookkeeping room door open, so staff checked, and found the safe was opened which the staff knew it was bad, therefore the staff immediately notified the person in charge to call the police. Police arrived at the scene to investigate and found no prying marks at the front and back doors, so they once believed it was an "inside job". The person in charge reported they suffered losses of 350,000 dollars.

     

    After further investigation, Police at the scene found a two feet by 5 inches window frame on the back door was missing a piece of wood. If one removed the window frame, one could just reach into the restaurant to open the restaurant's back door door lock. Therefore, the police believed that the culprit was familiar with the environment, and that he was "responsible" to commit crime by damaging the wooden window frame to open the door, and placing the frame back in its relevant location when leaving. If it wasn't the piece of missing wood, the police would had to take a longer time to track how the culprit sneaked into the restaurant.

     

    Chan Miao-ying, who was once a Miss Hong Kong, gave up acting career to be a businessman about 7 years ago through which established an image of a businesswoman in recent years, and received many business awards, from operating "Sense & Spirit" to business in different sectors, and investing over 20 million dollars last year to a number of chain restaurants that her wealth was worth millions of dollars.


    Stalls have mixed feelings about Lam Tsuen's "Wishing Tree"

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    By Guest cici,

    Stalls have mixed feelings about Lam Tsuen's "Wishing Tree"

    source: takungpao

    translated by cici@AsianEU

     

    Wishing Tree imitation attracts large numbers of people to "try their luck"

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    Absent for several years, throwing joss paper tradition appears once again in Lam Tsuen, Tai Po during the festive period, attracting many people to come. The Township of Lam Tsuen launches an imitation Wishing Tree, and although it attracts a large number of people to come, yet, not all stall owners can take the opportunity to profit from this tradition. Some merchants selling traditional snacks say business turnover rise 80 percent from last year; but merchants selling incense, joss sticks and joss paper say imitation Wishing Tree thin out business leading business to plummet more than 50 percent.

     

    To attract visitors, the introduction of Wishing Tree in Lam Tsuen by Township results in popularity attracting a large number of people to visit in consecutive days. Miss Yau, selling traditional snacks says laughing, "It has been a "good help" to business since the introduction of the wishing tree, leading to a sharp rise in the volume of business of 80 percent than last year". For example, she says, although the price of home-made Nuomici is three for ten dollars, a slightly more expensive price than last year's ten-dollar for four, but still no customer says price is expensive, to which she sells 600 to 700 each day. Mr. Tsui, operating an organic farm, says business is idealistic, to which all organic vegetables and fruits are sold out. For example, a box of strawberries for 38 dollars, its production is twice than last year, but sales are still very good selling one hundred to two hundred boxes daily.

     

    However, some merchants are happy, some not, Mr. Po selling joss sticks and joss paper says the imitation Wishing Tree thins out business. He explains that the flow of customers is higher for 30 percent than last year, but it is not very useful to enhance the volume of business. "The first thing people come here to do is to throw joss paper to the plastic wishing tree", but when customers find out joss paper he sells is not "throwable" then they don't buy. In order to attract customers, the joss paper he sells is at 5 dollars maintaining last year's level, while the windmills will be five dollars less.

     

    Miss Ho taking her family with her says frankly that she especially comes for the imitation Wishing Tree. She says the traditional joss paper is very important, she has to throw it during festive period. Asked whether she will buy a real joss paper after throwing an imitated joss paper, she responds, "After praying, throwing (imitation Wishing Tree) is enough". Since the broken branches of Wishing Tree, Mrs. Pang has not been to Lam Tsuen. But this year, hearing people can throw joss paper to imitation wishing tree, she especially takes her whole family to Lam Tsuen. Though she says, "More festive when one can throw joss paper", but still, she can't help to be disappointed at the wishing tree's height, saying that "higher would be better, makes it more challenging".


    3 elders choked and died on rice cake

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    By Guest cici,

    3 elders choked and died on rice cake

    source: sun

    translated by cici@AsianEU

     

    3 choked to death incidents on New Year's Day where two elderly women and an old man had rice cakes and carrot cake stuck in throat causing asphyxiation, resulting in the death of one person.

     

    88-years-old man died of eating cake lived in a nursing home on Yen Chow Street for nearly three years. At about two o'clock yesterday afternoon, staff served fried rice cakes to celebrate the Lunar New Year, and staffs were extremely cautious cutting rice cake into small pieces before serving it to elders. Old man was chronically ill and had only a few teeth left, so he was not allowed to eat rice cakes, yet some well-intentioned elders who also lives in the nursing home with elders secretly shared rice cake with the old man. After the old man put rice cakes into mouth, rice cake stuck in the throat and fell unconscious. Therefore, staff immediately called the police, but the old man was dead after being sent to hospital for emergency treatment. In addition, in Kwong Ming Court in Tseung Kwan O and Yuen Long Southern Village, at 12 o'clock and 2 o'clock yesterday afternoon, there were also two 70 years-old women having carrot cake and rice cake stuck in throat respectively, luckily the two were safe after taken to hospital.


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