Nicholas Tse Becomes Biggest Single Shareholder for See Corporation
Cleo Fagela | | Nov 03, 2014 09:02 AM EST |
Hong Kong actor Nicholas Tse has reportedly become the largest single shareholder of See Corporation and is said to be handling 23.42% of said company's share capital.
According to reports, Tse has allegedly sold 60% of his company, Post Production Office Group, to See Corporation, an entertainment agency that has produced many films and TV dramas, for $122.5 million HKD.
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Last October 23, it has been reported that See Corporation has pulled out its stocks from the Hong Kong stock exchange after it was priced at $0.38 HKD a share, but re-listed again the following day.
Based on data gathered by media outlets, Tse has purchased 250 million shares from said company at $0.35 HKD. The actor seemed to have made the right decision as the price per share increased from the original price he bought the shares for to more than double its price at $0.80 HKD. This increase has resulted to Tse's earning being doubled as well.
On the other hand, despite the good news, controversy surfaced as well. Tse is said to be using See Corporation as a way to get his own company, Post Production Office Group, to be listed.
Despite the claims, Hoffman Ma, who is the chairman of See Corporation, did not comment about it. Tse's manager, Mani Fok, also refused to comment, saying that she has nothing to do with the actor's private investments. Additionally, Albert Yeung, the chairman of EEG, also Tse's managing company, stated that the company is happy about the actor's success and that they will be supporting him in his business decisions.
Tse, who has just recently reunited with Faye Wong, has earned the favor of the odds for being a talented singer and actor. Furthermore, he has also been known for his hardworking nature and smart attitude towards business.
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