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Media Chinese International Ltd's One Media Group Ltd Announces Acquisition and Reorganization


Sunday, 3 Feb 2013 07:43pm EST 

Media Chinese International Ltd announced that One Media Group Ltd, its 73.18%-owned subsidiary, has acquired five investment holding companies, including Enston Investment Limited (Enston), Loka Investment Limited (Loka), Best Gold Resources Limited (Best Gold), Tronix Investment Limited, Polyman Investment Limited (Polyman) and One Media Investment Limited, each has 1 share capital at no par value of HKD 1, from One Media Holdings Limited (OMH), OMH, Loka, Loka, OMH and OMH, respectively. Further, OMH will transfer 10 ordinary shares of USD 1 each (100% interest) in Top Plus Limited (Top Plus) to Enston for USD 10. OMH will transfer 1 ordinary share of USD 1 each (100% interest) in Media2U (BVI) Company Limited (M2U) to Polyman for a consideration of USD1. OMH will transfer 1 share at no par value representing all its interest in Sky Success Enterprises Limited (Sky Success) to Polyman for a consideration of USD1. Top Plus will transfer 10 ordinary shares of HKD 1 each representing all its interest in One Media (HK) Limited (OMHK) to Best Gold for a consideration of HKD10. Sky Success will transfer 1 share at no par value representing all its interest in Media Connect Investment Limited (Media Connect) to Loka for a consideration of HKD1. OMH, Top Plus, M2U, Sky Success, OMHK and Media Connect are wholly owned by One Media. After completion of the reorganization, Top Plus, M2U Sky Success, OMHK and Media Connect remain indirect wholly owned subsidiaries of One Media. 

Company Quote

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19 Sep 2014