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China Outdoor Media buys GMG Media Group Ltd from Jiang Qi Hang for HK$1242m.  Circular
Company announcement, 28-Dec-2009
Of which HK$13m in 100m shares @$0.13 (34.3% discount) and HK$1229m in 0% convertible bonds convertible @$0.13. The target had net liabilities of $9,000 at 31-Dec-2009. The PRC Company was set up on 11-Apr-2008 and had net assets of HK$1.93m at 31-Dec-2009 and 1 employee. Neither has commenced business.

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