Bursa Malaysia Stock Watch
Media Prima on track on TV3N sale
kltrader
Publish date: Wed, 23 Feb 2011, 09:02 PM
kltrader
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Media Prima Bhd is on track to complete its proposed disposal of 90 per cent equity interest in TV3 Network Ltd (TV3N) by the third quarter of this year, said its group managing director, Datuk Amrin Awaluddin.
'We hope to complete the disposal by third quarter of this year because we need to obtain approval from the local authority in Ghana. We will continue with our venture overseas,' Amrin said when asked on the proposed disposal of the stake in TV3N.
Earlier here today, Amrin announced Media Prima's financial results for 2010. TV3N is a company incorporated in Ghana. Media Prima's wholly-owned subsidiary, Gama Media International (BVI) Ltd (GMI) has entered into a sale and purchase agreement recently to divest its stake to Media General Ghana Ltd for RM8.63 million. -- Bernama
'We hope to complete the disposal by third quarter of this year because we need to obtain approval from the local authority in Ghana. We will continue with our venture overseas,' Amrin said when asked on the proposed disposal of the stake in TV3N.
Earlier here today, Amrin announced Media Prima's financial results for 2010. TV3N is a company incorporated in Ghana. Media Prima's wholly-owned subsidiary, Gama Media International (BVI) Ltd (GMI) has entered into a sale and purchase agreement recently to divest its stake to Media General Ghana Ltd for RM8.63 million. -- Bernama
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