TVB Chairman Charles Chan Wants Out?

By on December 16, 2019 in NEWS

TVB Chairman Charles Chan Wants Out?

It turns out TVB actors are not the only ones leaving the company, but also its executives.

With the new year approaching, it appears TVB will undergo a significant change. Rumors are circulating that TVB Chairman Charles Chan (陳國強) wants to sell his shares and resign from his position in January. A near-death flight experience in Norway and his struggle to manage the differing opinions amongst the board of directors allegedly influenced his desire to retire.

According to sources, Charles, who led a consortium worth 8.6 billion HKD in 2011, invested in Shaw Brothers and owned 26% of its shares in entertainment. He was then assigned as the interim executive director of TVB and later succeeded as the chairman of both the respective board and executive committee after Norman Leung (梁乃鵬) retired in 2015.

In the same year, Chinese businessman Li Ruigang (黎瑞剛) invested in TVB. However, his involvement likely triggered a series of conflicts over personal interests and company objectives within the board. With TVB on a downward spiral as seen from the lackluster ratings of TVB dramas coupled with veteran actors leaving in recent years, Charles’ decision to leave comes as no surprise. Since the chances of securing larger profits are slim, it’s reasonable that both Charles and Taiwanese investor Cher Wang’s (王雪紅) wish to sell their shares.

TVB Chief Executive Mark Lee (李寶安) did not deny the rumors and expressed TVB will make an official announcement if there were to be any changes.

Source: HK01

This article is written by Minna for JayneStars.com.

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  • 2 comments to TVB Chairman Charles Chan Wants Out?

    1. llwy12 says:

      Not surprised…Charles Chan probably realizes now he is not going to get return on his investment. Mark Lee already confirmed that they are laying off another 350 staff at the end of December (this is on top of the hundreds of staff they got rid of in the previous 2 rounds of layoffs in the past year). TVB is a sinking ship and the execs all know it…don’t be surprised if other execs and investors pull out at some point down the line as well…

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    2. mangotango says:

      Hong Kong is slowly sinking given its current self destruction mood.

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