WPP Group PLC
10 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 leading
advertising agency network, has acquired, subject to regulatory approval, 65% of
the issued share capital of Sapphire Bright Limited, which wholly owns Shanghai
Always Marketing Services Co., Ltd. and Shanghai Power Force Marketing Services
Co., Ltd., (together "Always") the leading promotional and merchandising
companies in the People's Republic of China.
Founded in 2002 and based in Shanghai, Always employs 250 people, and has
offices in Beijing, Chengdu, Guangzhou, Shenzhen and more than 20 other
locations throughout China. Always had unaudited revenues of CNY 82m (US$10.1m)
for the year ended 31 December 2004, with net assets as at the same date of CNY
4.7m ($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 fast
growing markets and sectors.
For further information please contact:
Feona McEwan, WPP 44-20 7408 2204
www.wpp.com
This information is provided by RNS
The company news service from the London Stock Exchange
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