Defunct broadcaster Asia Television's fate remains unknown as its current investor continued his bid to save the debt-stricken company from liquidation.
Asia Television Limited was one of Hong Kong's two free television broadcasters. Established in 1957, it was the world's first Chinese television station but surpassed by its major rival Television Broadcasts Limited both in terms of company size and viewership. ATV’s reputation was badly damaged after its false report of former leader Jiang Zemin’s death on July 6, 2011. Its broadcasting licence expired on April 1, 2016.
