Taiwan’s Wei family confirms acquisition of MBK-owned CNS
Taiwan-based food and drinks conglomerate Ting Hsin International Group has agreed to buy a majority stake in local TV operator China Network Systems (CNS) from MBK Partners.
Ting Hsin, set up by the Wei family, confirmed the acquisition in a joint press conference with CNS on Monday. The value of the transaction was not disclosed but Reuters reported that it is around $2.4...
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