26th Oct 2007 07:01
WPP Group PLC26 October 2007 FOR IMMEDIATE RELEASE 26 OCTOBER 2007 WPP GROUP PLC ("WPP") BatesAsia acquires majority stake in MeThinks in China WPP announces that its wholly-owned operating company BatesAsia has agreed toacquire, subject to regulatory approvals, a majority stake in MeThinks, aleading integrated marketing services agency in China. Founded in 2000, MeThinks is based in Shanghai and employs 98 people. Clientsinclude adidas, Coca-Cola, Duracell, Gillette and Johnson & Johnson. MeThinks's unaudited revenues for the year ended 31 December 2006 were RMB34.9million, with gross assets at the same date of RMB 36.6million. This investment continues WPP's strategy of developing its networks in fastgrowing markets and sectors. Contact:Feona McEwan, WPP T + 44 (0)20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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