The main feature of the second building design was the division of the structure into two almost separate buildings.
The building on Queen's Road Central was in Victorian style with a verandah, colonnades and an octagonal dome, whereas the arcade which harmonised with the adjacent buildings was constructed on Des Voeux Road.
In 1935, the second building was demolished and a third design was erected.
The third design used part of the land of the old City Hall, and was built in a mixed Art Deco and Stripped Classical style.
The new investors include Hong Kong real estate moguls Henry Cheng Kar-shun and David Chiu Tat-cheong.
Forever Top attempted to apply for its own free-to-air television license in 2015, but the application process was put on hold in 2016.
i-Cable announced at the stock exchange on Thursday evening that its new owners will cut down on the network’s expenses: “[i-Cable and Forever Top] have been working together to formulate an organisational restructuring targeting to achieve substantial savings of HK0 million in annual operating expenses.” Executive director Chiu Ying-chun told RTHK it was too early to speculate on whether there would be any dismissals of personnel, and which departments would be affected.
The building can be reached from Exit K of Central MTR Station and facing Statue Square.
The first HSBC (then known as the Hong Kong and Shanghai Banking Company Limited) building was Wardley House, used as HSBC office between 18 on the present site. After raising a capital of HKD 5 million, the bank opened its door in 1865.