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3Novices:Hong Kong media giant Next Digital sells magazines for HK$500 million in bid to expand online content

Hong Kong media giant Next Digital Group Limited announced on Monday that it would sell several of its magazines in Hong Kong and Taiwan to W Bros. Investments Limited for HK$ 500 million in a bid to expand its digital content.
The group said in a filing to the Hong Kong Stock Exchange that it had accepted an indicative offer from W Bros, a company wholly owned by businessman Wee Ho, to sell the group’s business interests in magazines including Next Magazine, Sudden Weekly, Face, ME!…
July 17, 2017 at 01:42PM http://ift.tt/2u0hQYd
#3Novices #News #OnlineMedia #China 3Novices China

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