Media business

Naspers stake in Beijing Media Corp: 9.9%

Posted by Jeremy Goldkorn on Tuesday, December 14, 2004 at 10:21 AM

The South African business newspaper Business Day has more figures about Naspers and Beijing Media Corp:

Dual-listed media and entertainment group Naspers (NPN) announced on Monday that its subsidiary MIH will invest in the soon-to-be listed Beijing Media Corporation (BMC), a marketing and advertising sales vehicle for print media in China.   MIH will buy 9.9% in the initial public offering (IPO) of BMC, which will be floated on the Hong Kong Stock Exchange on December 22...

...BMC plans to raise approximately 677 million ... to 778 million Hong Kong dollars of new capital in the IPO.

Naspers said these funds were to be used to expand and grow the business into an integrated entity, taking advantage of the rapidly growing advertising market in China...

...Naspers has operations located in South Africa, Africa, Thailand, The Netherlands, Greece and Cyprus. In China the group also has interests in Internet group Sportcn while it has a 36% stake in Hong Kong-listed Tencent.

The Business Day story is here.

Tags for this entry:

twitterchiclet.pngtweet facebook.pngfacebook Deliciousbookmark hhrHaoHao diggdigg

<< Artificial beauty digest | 6,000 neighbors did not stopping him dying >>
Recent Comments
Roland Soo on A new literary magazine features new writing from Zhou Zuoren
Henry on The Eurasian Face
Caroline W on Big in China
Michael on Julia Lovell on translating Lu Xun's complete fiction: "His is an angry, searing vision of China"
Joe on What the citizens know: oil spills, environmental disasters
Xujun on 2013: The Fat Years -- Interview with Chan Koonchung
Brandon K. on Clueless academic takes on popular fantasy novels
Anon on Chinese website goes after U.S. Amb. Huntsman for "cheerleading" protests
Media Partners
Visit these sites for the latest China news
090609guardian2.png 090609CNN3.png
China Media Timeline
Major media events over the last three decades
+ 1978-1988
+ 1988-1998
+ 1998-2008
Danwei Model Workers
The latest recommended blogs and new media
laomo2010x80.jpg
+ 2010 Model Workers
From 2008
+ English-language blogs about China
+ Chinese blogs, aggregators, and forums
Books on China
The_Eurasian_Face_cover.jpg
The Eurasian Face : Blacksmith Books, a publishing house in Hong Kong, is behind The Eurasian Face, a collection of photographs by Kirsteen Zimmern. Below is an excerpt from the series:
Big in China: An adapted excerpt from Big In China: My Unlikely Adventures Raising A Family, Playing The Blues and Becoming A Star in China, just published this month. Author Alan Paul tells the story of arriving in Beijing as a trailing spouse, starting a blues band, raising kids and trying to make sense of China.
Pallavi Aiyar's Chinese Whiskers: Pallavi Aiyar's first novel, Chinese Whiskers, a modern fable set in contemporary Beijing, will be published in January 2011. Aiyar currently lives in Brussels where she writes about Europe for the Business Standard. Below she gives permissions for an excerpt.
more...
Front Page of the Day
A different newspaper every weekday
From the Vault
Classic Danwei posts
+ Korean history doesn't fly on Chinese TV screens (2007.09): SARFT puts the kibbosh on Korean historical dramas.
+ Religion and government in an uneasy mix (2008.03): Phoenix Weekly (凤凰周刊) article from October, 2007, on government influence on religious practice in Tibet.
+ David Moser on Mao impersonators (2004.10): I first became aware of this phenomenon in 1992 when I turned on a Beijing TV variety show and was jolted by the sight of "Mao Zedong" and "Zhou Enlai" playing a game of ping pong. They both gave short, rousing speeches, and then were reverently interviewed by the emcee, who thanked them profusely for taking time off from their governmental duties to appear on the show.
more...
Danwei Archives
Danwei Feeds
Via Feedsky rsschiclet2.png (on the mainland)
or Feedburner rsschiclet.gif (blocked in China)
rsschiclet2.png rsschiclet.gif Main feed: Main posts (FB has top links)
rsschiclet2.png rsschiclet.gif Top Links: Links from the top bar
rsschiclet2.png rsschiclet.gif Danwei Jobs: Want ads
rsschiclet2.png rsschiclet.gif Danwei Digest: Updated daily, 19:30
twitterchiclet.png Danwei's Twitter feed