Tendersinfo keep you informed about the latest events in the national and international Procurement Industry. Procurement News provides in-depth coverage of the procurement industry, including contract awards, contract additions, new contract wins, mergers and acquisitions. Tendersinfo through its tender news section provides an update on all domestic and global tendering opportunities, invitation to bid & trade leads.

Publish Date : 19-Oct-2012

Shares in Hong Kong\'s Next Media, controlled by media mogul Jimmy Lai, on Thursday jumped as much as 56 percent after the firm said it would sell its Taiwan assets in a deal worth US$600 million (S$730 million).

The stock rose to HK$1.75 (S$0.27) in morning trade, a day after Mr Lai signed two memoranda of understanding with Jeffrey Koo Jr, chairman of the Chinatrust Charity Foundation.

The benchmark Hang Seng Index was up 0.62 per cent.

The deal - which has seen Koo pay 10 per cent of the fee as a refundable deposit - involves Apple Daily\'s Taiwan edition, Taiwan Sharp Daily, Next magazine and Next TV.

Go to previous page