The parent company of the "yellow media outlet" Channel C, Artview Media Production Limited, is facing allegations of falsifying accounts and fraudulently obtaining a government-backed preferential loan of HK$12 million, with the owner previously arrested in mid-April.
Since April 23, Channel C has stopped updating its content, and reports indicate that about 29 employees have not been paid.
Channel C updated its social media to announce that, due to the freezing of its bank accounts, it cannot maintain daily operations in the short term and mentioned that the company has been taken over by creditors. They issued a statement to members, stating they are in communication with law enforcement to seek the lifting of the bank account freeze, but the process "will take time."
Additionally, Channel C advised paid members to assess whether to continue their subscriptions based on their situation before renewing. For members seeking refunds, they can contact the company via email, which will coordinate with creditors to respond to refund requests as soon as authorized.
At the end of last month, the Mandatory Provident Fund Schemes Authority stated that Channel C's parent company had failed to make MPF contributions for employees from October 2024 to March of this year, affecting 18 employees and involving approximately HK$230,000.
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