Next Media Ltd., controlled by Hong Kong’s Jimmy Lai, said it will provide more information about the disposal of its print unit at the request of Taiwan’s regulators.
Taiwan’s Fair Trade Commission wants additional data about the company and the unit’s buyers for the sale to be considered, Next Media said in a statement to the Hong Kong stock exchange today. The publisher of Apple Daily newspapers last month announced the sale of its Taiwan print and television units to two groups of four buyers for NT$17.5 billion ($604 million).
Demonstrators at a rally against President Ma Ying-jeou’s adminstration yesterday called on regulators to block the sale of Next Media’s Taiwan assets to prevent a monopoly. Tsai Shao-Chung, president of Want Want Chinatimes Group, which publishes the China Times and the Commercial Times, is among the buyers.