Australian group ARN media concludes exit from Hong Kong with the sale of its outdoor business there for $5.6 million (AdNews)

ARN Media has sold its Hong Kong out-of-home advertising business, Cody Outdoor International (Hong Kong) and Buspak Advertising (Hong Kong), to DFI Retail Group for HK $30.2 million, about AUD $5.6 million. The media group flagged its exit from the Hong Kong out-of-home sector last year, redirecting capital and management resources to its Australian operations. […]