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After buying TVB in 2010-2011, Shell King probably cared more about his reputation as TVB director and later on, TVB Chairman. I guessed that was the subtle catalyst.

Shell King never took cash dividends. He and most shareholders took scrip dividend at 5% discount to mkt price.

The main engine that drove the dividends is ITC Properties.

ITC Corp was sold by Shell King Chan to another Shell King Suen....so many shell kings + queen in HK...hahaha
http://zkiz.com/tag.php?q=%E6%AE%BC%E7%8E%8B

Hail to the New Shell King. I google searched for Mr Suen's information and found he has just taken control of Birmingham City Plc from E&Y liqudators .

http://www.birminghammail.co.uk/sport/fo...h-12502554

Is ITC entering the football world ?

I Guess Chan sold to Suen to facilitate sale of ITC Corp's PYI stake to
Chan himself.