10th Mar 2006 09:00
WPP Group PLC10 March 2006 FOR IMMEDIATE RELEASE 10 March 2006 WPP GROUP PLC ("WPP") J W T acquires 65% stake in Always in China WPP announces that its wholly-owned operating company JWT, the leadingadvertising agency network, has acquired, subject to regulatory approval, 65% ofthe issued share capital of Sapphire Bright Limited, which wholly owns ShanghaiAlways Marketing Services Co., Ltd. and Shanghai Power Force Marketing ServicesCo., Ltd., (together "Always") the leading promotional and merchandisingcompanies in the People's Republic of China. Founded in 2002 and based in Shanghai, Always employs 250 people, and hasoffices in Beijing, Chengdu, Guangzhou, Shenzhen and more than 20 otherlocations throughout China. Always had unaudited revenues of CNY 82m (US$10.1m)for the year ended 31 December 2004, with net assets as at the same date of CNY4.7m ($US0.6m). Clients include Unilever, Visa, Colgate, UT Starcom, McCormick,Pepsi Food, Exxon Mobile and Cadbury. This acquisition continues WPP's strategy of developing its networks in fastgrowing markets and sectors. For further information please contact: Feona McEwan, WPP 44-20 7408 2204www.wpp.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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