Next-Gen buys stake in China firm for $27.6m
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NEXT-Generation Satellite Communications (Next-Gen) is set to expand into mobile-content development and distribution in China.
The satellite communications firm announced yesterday that, as part of this expansion, it will buy a 75 per cent stake in Star Cha-riot Limited (Star Group) for $27.6 million.
Star Group is a wholly owned unit of C Media Limited, which will hold the remaining 25 per cent stake.
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