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Updated Wednesday, February 10, 2010 11:01 am TWN, Bloomberg

Li Ka-Shing has no plan to buy into Formosa TV

HONG KONG -- Hong Kong billionaire Li Ka-shing doesn't plan to purchase shares of Taiwan-based Formosa Television, Cheung Kong (Holdings) Ltd. spokeswoman Winnie Cheong said Tuesday.

Senior executives of the television station are in contact with potential investors, including Cheung Kong chairman Li, Next Magazine reported, without citing anyone. “The report regarding Li is incorrect,” Cheong said in a phone interview.

Formosa Plastics Group founder Wang Yung-ching's son Winston Wong may buy a NT$1 billion stake in the Taiwan-based television station, according to the Taipei-based Chinese weekly.

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