The Malaysian owners of TV3 Network Limited say they are on track with the intended sale of the network.
The Group Managing Director of Media Prima bhd, Datuk Amrin Awaluddin is quoted by the Malaysia News Agency, Bernama that they hope to complete the disposal by the third quarter of this year.
He cited the need to obtain the necessary regulatory approval from government for the delay in disposing of the network.
Prima Media is divesting 90 percent equity interest in TV3 to Media General Ghana Limited for approximately 2.8 million dollars.
It says in its filing to the Bursa Malaysia, an exchange holding company which operates a fully integrated exchange that the divestment was in line with the group’s strategy to focus on domestic operations.
Source: Joy Business/Ghana
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