ATV HOLDINGS: Application for the Appointment of Joint Provisional Liquidators
ATV HOLDINGS has applied to appoint joint provisional liquidators, with a hearing scheduled for October 24, 2025. The company requests the court to grant the liquidators powers, including formulating a restructuring plan, operating the business, communicating with regulatory authorities, and investigating the company's affairs, aiming to protect the interests of the company and its shareholders and creditors
According to the announcement from Asia Television Holdings (00707), the hearing for the application of joint provisional liquidators will be held on October 24, 2025 (Friday) at 2:00 PM (Cayman Islands time) in the Grand Court.
According to the application of the joint provisional liquidators, the company has requested the Grand Court to grant the joint provisional liquidators the following powers, including: formulating a feasible restructuring plan to enable the company to continue operating, managing the company's business, representing the company in communications and contacts with all relevant regulatory agencies and authorities to carry out necessary regulatory actions and comply with any necessary listing requirements, as well as investigating the company's affairs.
The purpose of appointing joint provisional liquidators is to transfer the business and affairs to independent professional court personnel to protect and safeguard the interests of the company, its shareholders, and its creditors.
The company believes that the application for joint provisional liquidators is in the overall best interest of the company, its shareholders, and its creditors
