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Ming Pao plans One Media Group main-board listing.
(From The Standard)
Byline: Staffreporter
Ming Pao Enterprise Corp, the publisher of Chinese-language newspaper Ming Pao Daily News, has applied to spin off its magazine and advertising unit for a separate listing on the main board of the Hong Kong stock exchange.
The unit, One Media Group, publishes three magazines in Hong Kong, Ming Pao Weekly, Hi-Tech Weekly and City Children's Weekly. It also provides content to and has the rights to sell advertising space in such magazines in China as Popular Science, Digital Camera and Top Gear.
``We believe the separate listing of One Media Group will allow us direct access to the capital market for …
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