HK Stock Market Move | I-CABLE COMM(01097) surges 40%, suggests renaming to "CHOW TAI FOOK Media Entertainment"
Wired Broadband (01097) soared 40% in the morning session, as of the time of publication, it increased by 40%, closing at HK$0.077, with a trading volume of HK$1.9168 million.
I-CABLE COMM (01097) surged 40% in the morning session, rising 40% to HK$0.077 at the time of publication, with a trading volume of HK$1.9168 million.
On the news front, I-CABLE COMM announced that the Board of Directors has recommended changing the company's English name from "i-CABLE Communications Limited" to "CTF Media & Entertainment Limited", and the Chinese name from "I-CABLE COMMunication Limited" to "CHOW TAI FOOK Media Entertainment Limited". The proposed name change will be subject to approval by shareholders at a special resolution at the shareholders' meeting and approval by the Director of Companies in Hong Kong before it can take effect.
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