Sun buys into Macau Media

PUBLISHED : Friday, 13 September, 2002, 12:00am
UPDATED : Friday, 13 September, 2002, 12:00am

Television broadcaster and distributor Sun Media Group Holdings has acquired a 6.5 per cent stake in Macau satellite TV operator Macau Media Holdings under an HK$89.7 million share swap plan. Sun Media said it exchanged its 51 per cent stake in Macau Satellite Television Travel Channel for the 6.5 per cent stake of Macau Media.