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ATV to stop broadcasts as liquidator announces mass lay-off

Asia Television Limited (ATV) will stop broadcasting on Friday after its liquidator Deloitte announced on Thursday evening that it will dismiss almost all ATV employees. Derek Lai Kar-yan, Deloitte China’s Southern Region managing partner, said that the decision was made because “it still did not receive any funds [from new investor China Culture Media International’s Si Rongbin.]” As a result, the television […]