Following the announcement of the switch, HKTV has drawn strong responses from the stock market, with shares almost doubling. The move will provide investors an opportunity to pass their verdict on Wong’s decision to offer television services online and on mobile devices.
According to The Standard, within the same day, HKTV’s share prices increased to 92% from HK$2.32 to HK $4.46 after the company agreed to buy a spectrum from a unit of China Mobile Hong Kong. The reports also show that the company had closed up 66% at HK$3.85. Therefore, the company was able to increase its capital by HK$1.24 billion in one day.
The company is planning to start content production and distribution on mobile platforms, including smartphones and tablets. Most of the programmes will be available for free, while others will be available on subscription. Some of the channels that have been planned include an integrated Cantonese channel and a news channel.
