TVB said its board on Aug. 10 intends to form a joint venture with Jihui Capital
to provide compute services. Ordinary voting shares in the JV are proposed to be
held 51% by TVB and 49% by Jihui Capital. The project will be implemented in
phases over the coming years. Funding will include up to HKD 2.0 bln of equity
from Jihui Capital, project bank financing and the group's internal resources.