The Board of The Wharf (Holdings) Limited (SEHK:4) resolved to spin-off 13.6% stake in i-CABLE Communications Limited (SEHK:1097) for approximately HKD 240 million on September 15, 2017. The record date for determining Wharf Shareholders' entitlements to the distribution in specie is September 22, 2017. Following the deal, Wharf will no longer have any shareholding interests in i-CABLE. The deal is conditional upon the Communications Authority granting to, as may be required by the Communications Authority, each of HKCTV and FTV a prior waiver from compliance with its current shareholding structure under the Pay TV Licence or the Free TV Licence in respect of the proposed shareholding changes in i-CABLE. The transaction has become unconditional on September 27, 2017. The transaction is expected to complete on October 10, 2017.

The Board of The Wharf (Holdings) Limited (SEHK:4) completed the spin-off of 13.6% stake in i-CABLE Communications Limited (SEHK:1097) on October 10, 2017.