A firm headed by local businessman Kevin Ho King Lun will invest 17.5 million euros (156 million patacas) in Lisbon-based Global Media Group, turning it in to the Portuguese company’s main shareholder, Portuguese media reported yesterday.
According to the reports, Ho’s KNJ Investment Ltd will control 30 percent of Global Media Group.
A provisional deal will be signed by the two sides tomorrow on the sidelines of the 5th Ministerial Conference of the Forum for Economic and Trade Co-operation between China and Portuguese-speaking Countries, said the reports, which described local Portuguese journalist Paulo Rego as the deal’s “middleman”.
