WPP Group PLC
30 November 2005
For immediate release 30 November 2005
WPP GROUP PLC ("WPP")
Research International increases shareholding in China joint venture
WPP announces that its operating company Research International, the leading
custom market research agency, has acquired a majority interest in its joint
venture company in China which has been trading as Research International since
1997.
Research International China, which has full service offices in Beijing,
Guangzhou and Shanghai and fieldwork offices in Shenyang, Wuhan and Chengdu
reported revenues of RMB117.5 million for the year ended 31 December 2004 and
had net assets of RMB31.2 million as at that date.
The acquisition further strengthens RI's comprehensive services to clients and
continues WPP's strategy of expanding its networks in fast-growing and important
markets.
For further information, please contact:
WPP London +44 (0) 20 7408 2204
Feona McEwan
www.wpp.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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