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China Post E-Commerce (8041) buys 4% of iKanTV Ltd from China Outdoor Media (0254) for $9.2m | China Outdoor Media announcement
Company announcement, 27-Aug-2009
The controlling shareholder of the buyer is also a 24.23% shareholder and CEO of the vendor, but it is not a connected transaction for the buyer under the Listing Rules because he owns less than 30% of the vendor so it is not his "associate". It is an exempt connected transaction for the vendor because it is less than HK$10m. Another deal in the same announcement, to buy 40% from another vendor, was terminated the next day.
Organisations
- Luxey International (Holdings) Limited 薈萃國際(控股)有限公司
- Luxey Online Solutions Limited 薈萃網上媒體有限公司
- NATIONAL UNITED RESOURCES HOLDINGS LIMITED 國家聯合資源控股有限公司
- Win Today Limited
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