WPP Group PLC
10 June 2002
FOR IMMEDIATE RELEASE 10 June 2002
WPP GROUP PLC ("WPP")
Ogilvy Public Relations Worldwide acquires H-Line in China
WPP announces that its wholly-owned operating company Ogilvy Public Relations
Worldwide, has acquired 60% of the issued capital of H-Line Worldwide Limited ("
H-Line"), one of China's leading domestic public relations firms.
Founded in 1994, H-Line, which will be known as H-Line Ogilvy, has more than 80
staff working out of its Beijing, Shanghai and Guangzhou offices, providing
communications services to over 20 multinational and local clients.
H-Line reported revenues of US$2.9 million for the year ended 31 December 2001
and had net assets of US$0.8 million at that date.
The acquisition of H-Line further strengthens Ogilvy Public Relations
Worldwide's comprehensive range of communications services to clients and
continues WPP's strategy of expanding its networks in fast-growing sectors and
important markets.
Contact:
Feona McEwan, WPP London 44-20 7408 2204
www.wpp.com.
www.ogilvypr.com
This information is provided by RNS
The company news service from the London Stock Exchange
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