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Next Media Ltd Announces Completion Of Proposed Disposal Of Colored World And The Sale Loans

Monday, 18 Nov 2013 05:12am EST 

Next Media Ltd announced that with reference to the announcement made earlier, in relation to the proposed disposal of the Group’s remaining 30% interest in Colored World and the Sale Loans, which constitutes a discloseable and connected transaction for the Company. The Company now announced that all applicable conditions precedent to the S&P Agreement have been satisfied and that the Completion has taken place on November 18, 2013. Upon Completion, the Group ceased to hold any shares in Colored World and thus, members of the Colored World Group have ceased to be associated companies of the Group 

Company Quote

0.02 +2.60%
29 May 2015