Malaysia: MCIL to divest stake in One Media Group for $64.21m

Malaysia: MCIL to divest stake in One Media Group for $64.21m

Visual of MCIL homepage. August 2016.

Hong Kong-based Media Chinese International Ltd (MCIL), which is listed in both HK and Malaysia, is selling its entire stake in the HK-listed One Media Group Ltd, to a Chinese state-owned enterprise (SOE), for a consideration of HK$498.06 million ($64.21 million) in cash, the company announced.

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