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SPH to take majority stake in China tie-up - Oct 06, 2007 (ST)

BackOct 06, 2007

The Straits Times / The Business Times News On SPH

SPH to take majority stake in China tie-up

The Hong Kong-based joint venture company will provide digital media services in China.


Oct 06, 2007
The Straits Times

SINGAPORE Press Holdings (SPH) will be taking a majority stake in a Hong Kong-based joint venture company to provide digital media services in China.

The services to be offered include the provision of online and mobile search services.

The media group, through wholly owned subsidiary SPH Interactive International, will be taking a 60 per cent stake in 701Sou (Hong Kong), which will have a paid-up capital of $25 million.

SPH's 50 per cent-owned associate 701Search will hold a 10 per cent stake. Fung Choi Printing will subscribe for 15 per cent and the remainder will go to Rainbowchina Image.