---
title: "ATV HOLDINGS: Currently seeking legal advice and communicating with lenders and receivers regarding appointment matters"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/253419587.md"
description: "ATV HOLDINGS announced that it is seeking legal advice and communicating with lenders and the receiver. According to the loan agreements from 2019 and 2020, the lenders have appointed RSM's receiver to manage the assets of the company and its wholly-owned subsidiary, Star Platinum. The company has been unable to assess the financial or operational impact of the receiver's appointment and may sell assets to repay approximately HKD 382 million in outstanding loans"
datetime: "2025-08-18T08:39:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/253419587.md)
  - [en](https://longbridge.com/en/news/253419587.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/253419587.md)
---

# ATV HOLDINGS: Currently seeking legal advice and communicating with lenders and receivers regarding appointment matters

According to the announcement from Asia Television Holdings (00707), on August 15, 2025, the company was informed by RSM HK Business Advisory Limited (RSM) that, based on (i) the loan agreement established on March 26, 2019, between the company (as the borrower) and Jinhui Financial Limited (the lender) for a loan of HKD 194.2 million; (ii) the debenture established on January 21, 2020, between the company (as the mortgagor) and the lender regarding all fixed properties and assets of the company (regardless of their nature and current or future locations); and (iii) the debenture established on January 21, 2020, between Xingbo Enterprises Limited (Xingbo, as the mortgagor) and the lender regarding all fixed properties and assets of Xingbo (regardless of their nature and current or future locations), on August 15, 2025, the lender appointed Mr. Chan Leung Lee and Mr. Wu Shek Chun of RSM (the receivers) as joint and individual receivers of the respective assets of the company and Xingbo.

Xingbo is a wholly-owned subsidiary of the company. Xingbo and its subsidiaries are primarily engaged in media, culture, and entertainment businesses.

The company is currently seeking legal advice and communicating with the lender and the receivers regarding the appointment matters. As of the date of this announcement, the company has been unable to assess the financial or operational impact of the appointment of the receivers, pending further actions to be taken by the receivers. As of July 31, 2025, the total outstanding amount under the loan agreement was approximately HKD 382 million. According to the annual report for the year ending December 31, 2024, the company's net liabilities, together with its subsidiaries, were approximately RMB 766.5 million. Therefore, the receivers may sell all or a substantial part of the company's assets to repay the outstanding amounts under the loan agreement

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