Next Media close to finalising sale of assets in Taiwan

Jimmy Lai Chee-ying was expected to complete the sale of Next Media's print and television holdings in Taiwan last night, following the signing of a definite agreement with the buying consortium at a hotel in Macau.

Lai's assistant, Mark Simon, said late last night the two sides were still ironing out the details of the deal.

Next Media, of which Lai is the chairman and controlling shareholder, sold those assets to a group of Taiwanese buyers for NT$17.5 billion (HK$4.6 billion) in cash.

via Business feed http://www.scmp.com/business/companies/article/1092542/next-media-close-finalising-sale-assets-taiwan