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i-cable communications ltd (1097) Snapshot

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i-cable communications ltd (1097) Details

i-CABLE Communications Limited, an investment holding company, provides integrated communications services in Hong Kong. The company operates through two segments, Television, and Internet and Multimedia. The Television segment offers television subscription, domestic free television program service, advertising, channel carriage, television relay service, program licensing, network maintenance, and other television related services. The Internet and Multimedia segment is involved in operations related to broadband Internet access, portal operations, mobile content licensing, and telephony activities, as well as other Internet access related businesses. The company owns and operates wireline telecommunications network, which provides television, Internet, and multimedia services to approximately two million households. It produces television and multimedia content focusing on news, information, sports, and entertainment. The company also provides technical services; telephony services; and film production, distribution and licensing services. The company was incorporated in 1999 and is based in Tsuen Wan, Hong Kong.

1,700 Employees
Last Reported Date: 04/25/19
Founded in 1999

i-cable communications ltd (1097) Top Compensated Officers

Executive Director
Total Annual Compensation: $2.1M
Compensation as of Fiscal Year 2018.
i-cable communications ltd
i-CABLE Communications Limited Announces Management Changes, Effective July 2, 2019

i-CABLE Communications Limited announced following changes with effect from 2 July 2019: the resignation of Dr. Cheng Chi-Kong, Adrian as a non-executive Director, the appointment of Mr. Lie Ken Jie Remy Anthony Ket Heng as a non-executive Director, the appointment of Ms. Ng Yuk Mui Jessica as a non-executive Director and the appointment of Mr. Chan Wai Man as the chief technology officer of the Company. Mr. Lie Ken Jie, aged 40, is currently a Senior Vice President of Chow Tai Fook Enterprises Limited with responsibilities in making strategic investments globally and also an advisor to the Company responsible for the provision of general commercial advice. Ms. Ng, aged 41, is an executive director, the executive vice chairman, chief executive officer and a member of the executive committee of South China Financial Holdings Limited.

i-CABLE Communications Limited Announces Dividend Policy

The board of i-CABLE Communications Limited has adopted a dividend policy. Under the dividend policy, the board may from time to time pay to the shareholders annual dividends, if any, on the outstanding ordinary shares declared by and subject to the discretion of the board and must be approved at a general meeting of the shareholders. In addition, the board may from time to time pay to the shareholders such interim dividends as appear to the board to be justified, both annual dividends and interim dividends shall not exceed the amount recommended by the board, in accordance with the provision of the articles and the companies ordinance. The board may only consider to make a distribution if the amount of the company's net assets is not less than the aggregate of the company's called up share capital and undistributable reserves; and to the extent that, the distribution does not reduce the amount of those assets to an amount less than the aggregate of the company's called up share capital and undistributable reserves. The board shall consider, the group's results of operations, the earnings and distributable reserves of the company and each of the members of the group, the group's actual and expected financial performance and conditions and liquidity position, the shareholder's interests, any restrictions on payment of dividends that may be imposed by the group's lenders, the group's expected working capital requirements, surplus and future expansion plans, contractual, statutory and regulatory restrictions, general economic conditions and other internal or external factors that may have any impact on the business or financial performance and position of the company and any other factors that the board deems appropriate.

i-CABLE Communications Limited Auditor Raises 'Going Concern' Doubt

i-CABLE Communications Limited filed its Annual on Apr 25, 2019 for the period ending Dec 31, 2018. In this report its auditor, PricewaterhouseCoopers LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.


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