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Mnet Group Ltd Enters Into Sale And Purchase Agreement With Interpublic Group of Companies Inc.'s Subsidiary


Monday, 17 Dec 2012 05:49pm EST 

Mnet Group Ltd announced that it has entered into a Sale and Purchase Agreement with Ansible Mobile Pty Limited (a wholly owned subsidiary of The Interpublic Group of Companies, Inc.), to sell the shares in its two Australian operating subsidiaries (Mercury Mobility (Australia) Pty Ltd and m.Net Corporation Pty Ltd) and certain assets of Mnet and to procure the sale by its US subsidiary Mnet North America Inc of its assets (collectively the Business Sale), for an aggregate price of AUD 5.5 million. Further details will be provided to Shareholders in an Explanatory Memorandum to be despatched to Shareholders on December 27, 2012. 

Company Quote

1.42
-0.01 -0.70%
16 Sep 2014