Master Ad Shareholders nod to 75% acquisition of VGM
Shareholders of Master Ad Plc yesterday approved the company’s acquisition of a 75 per cent stake in VGI Global Media (Malaysia) Sdn Bhd or VGM from VGI, worth Bt360 million.
VMG is the major shareholder in Titanium Compass which holds the right to manage media advertising along new rail routes in Malaysia for ten years. The company also holds the major stake in Meru Utama Sdn Bhd, which holds the right to manage advertising at Malaysian airports.
