Jeffrey Koo removed as leader of Next Media buyout consortium

Next Media, a company controlled by Hong Kong tycoon Jimmy Lai Chee-ying, has disclosed more details of the recently agreed sale of the company's Taiwan print and TV businesses to a group of Taiwanese businessmen, after changes in the composition of the consortium.

The sale for NT$17.5 billion (HK$4.66 billion) would net Next a gain of HK$2.28 billion, said the Hong Kong-listed media firm.

via Business feed http://www.scmp.com/business/companies/article/1104891/jeffrey-koo-removed-leader-next-media-buyout-consortium