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Tsun Yip (8356) buys 17% of China New Media (HK) Co Ltd from Vicky Yu Wai Yin
Company announcement, 29-Jul-2011
For HK$70.04m of which $25m in cash and $45.04m in promissory notes. This follows the earlier purchase of 19% by Inno-Tech (0254) and the purchase 3 days ago of 7% by China Railsmedia (0745). The target is 51% owned by China Outdoor Media (8202). Its valuation is still claimed at $412m despite being loss-making and having negative net assets of $1m.
Organisations
- AMPLE APPRAISAL LIMITED 豐盛評估有限公司
- Beast Media Limited 比思媒體有限公司
- China National Culture Group Limited 中國國家文化產業集團有限公司
- CHINA NEW MEDIA (HK) COMPANY LIMITED 中國新媒體(香港)有限公司
- China New Media Company Limited 中國新媒體有限公司
- FORTUNE FINANCIAL CAPITAL LIMITED 富強金融資本有限公司
- INNO-TECH HOLDINGS LIMITED 匯創控股有限公司
- NATIONAL UNITED RESOURCES HOLDINGS LIMITED 國家聯合資源控股有限公司
- Superior Luck Investments Limited (VG)
- Tsun Yip Holdings Limited (KY) 進業控股有限公司
- Win Today Limited
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