Tuesday, December 05, 2006

Bruno Wu pulls out of Singapore business

As regular readers will know, we've followed the ins and outs of constant restructuring at Sun Business Media (formerly Panpac) in Singapore on this blog since May last year and most recently in September. Finally, it seems, they've had enough of shuffling that particular pack of cards and have issued a press release saying that he, his wife Yang Lan and You Susheng will step down as directors while Sun Media Investments Holding Limited will "cease to be a direct substantial
shareholder in the Group".

Maybe Ricky Ang and his colleagues in Singapore will be able to get on with running a media business now.

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