Reuters logo
in 10 days
BRIEF-Next Digital accepts offer for possible disposal of certain magazines
July 17, 2017 / 4:30 AM / in 10 days

BRIEF-Next Digital accepts offer for possible disposal of certain magazines

1 Min Read

July 17 (Reuters) - Next Digital Ltd

* Accepted an indicative offer from W Bros. Investments Ltd to proceed to negotiate a formal agreement

* Indicated valuation for magazine businesses under possible disposal is approximately HK$500 million

* Agreement regarding possible disposal of group's Hong Kong and Taiwan business interests in Next Magazine, Sudden Weekly, Face, Me! And Next+one​

* Application has been made by co to stock exchange for resumption of trading in shares on stock exchange from 1:00 P.M. On 17 July

* Potential purchaser W Bros. Investments has paid a sum of HK$10 million earnest money Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below