Father and son Li Ka-shing and Victor Li Tzar-kuoi will hold Metro Radio Station after approval from the Office of the Communications Authority.
The authority approved changes to Metro's shareholding structure yesterday. New shareholders Metro Investment 1 and Metro Investment 2 are Hong Kong-incorporated companies owned jointly by Li Ka-shing and Victor Li.
The two each hold 25.5 percent of voting rights. Stakes for original shareholders Hutchison Commercial Broadcasting and Newton City are 24.5 percent each. A spokesman for CK Hutchison Holdings (0001) said the changes meet the authority's rules and the shares are special stock with voting rights but do not have assets listed under them or rights to dividends.