MCIL's HK Asset Sale: Is There More to the Story?
Joyce Goh, Associate Editor, The Edge Media
08-Aug-16 09:35
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Media Chinese International (MCIL) is selling its 73% stake in the Hong Kong-listed, One Media Group. However, the corporate exercise also includes a buyback condition, of which details are scant. Joyce Goh, Associate Editor at The Edge Media asks how exactly will MCIL benefit from the asset sale.
She also follows up on Genting’s investment in TauRx, which is developing an experimental Alzheimer’s drug, and shares how she landed a scoop on rumours that China Construction Bank has applied for a banking license here in Malaysia.
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Tags: Media Chinese International Limited, Genting, Alzheimer's, China Construction Bank, Banking sector