🇭🇰TVB proposed a 51%-owned compute-services venture; Gaw Capital may contribute up to HK$2 billion in equity.

Television Broadcasts Limited’s group, commonly known as TVB, announced a proposal to establish a joint venture with Gaw Capital to provide computing-power services. The proposal represents a diversification into compute services rather than a disclosed operating result.

TVB would hold 51% of the joint venture’s ordinary voting shares, while Gaw Capital would hold 49%. The sources did not disclose the venture’s planned hardware, accelerator type, power capacity, data-center locations, or customer commitments.

The project is intended to proceed in phases over several years. Funding is expected to include up to HK$2 billion of equity from Gaw Capital, together with project-level bank financing and TVB’s internal resources; “up to” describes the maximum contemplated contribution, not equity already funded.