Hong Kong- Asia Television Limited (ATV) has received approval from the Chief Executive in Council and Broadcasting Authority to change its shareholding structure. New shareholders have been introduced, including Louis Page, former MD of rival network TVB. It is expected that TK Ho, former Group GM of TVB will assume a senior role at ATV since resigning his post as a non-executive director at TVB. The new shareholders, purchasing 73.14% of shares in ATV, are Alnery No.112 Limited, Panfair Holdings Limited and China Light Group Limited. Alnery is a company financed by ABN AMRO-owned FireWorks International Inc and owned by Payson and Johnson Cha’s Pelaka Investments Limited. Together with FireWorks International Inc., Alnery and Louis Rajkumar Page, will own 47.58% of ATV. Panfair, a company owned by Payson and Johnson Cha, will own 10.75% of ATV. China Light will own 14.81% of ATV. Current shareholder Dragon Viceroy Limited, a company owned by Liu Changle and Chan Wing Kee says it welcomes the new shareholders and pledges to work together with them in boosting ATV’s growth and leading ATV into a new era.