Petaling Jaya - Media Prima Berhad (MPB) is set to recover its investment in the Philippines following the proposed divestment of its entire 70 per cent equity stake in its subsidiary, MPB Primedia Inc to Mediaquest Holdings Inc. for US$16 million. In March 2008,MPB invested in Primedia, a company that had entered into a block airtime and consultancy agreement with ABC5, a national free to air television network in the Philippines as an initial seed for its proposed Media Fund. The Fund was … [Read more...] about MPB divests Philippines investment for US$16 million