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China Post E-Commerce (8041) buys 40% of iKanTV Ltd from Win Today Ltd

Company announcement, 25-Sep-2009

For HK$77m in shares @$0.55. The announcement fails to disclose who owns the vendor, but subsequent shareholding filings show that it was 100% owned by Vicky Yu Wai Yin. The target is a loss-making startup with net liabilities of $4.26m and prior to this was 51% owned by China Outdoor Media (0254), which is in the process of selling 4% to the Company.

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