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ARN Media Confirms $5.6 Million Sale of Hong Kong Advertising Arm Cody HK
7:09pm on Tuesday 30th of June, 2026 AEST
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ARN Media Confirms $5.6 Million Sale of Hong Kong Advertising Arm Cody HK
7:09pm on Tuesday 30th of June, 2026 AEST
Key Points
Sale of Cody HK for HK$30.2 million (A$5.6 million)
Transaction supports ARN's shift to digital entertainment in Australia
Proceeds to reduce net debt and release A$30.5 million in bank guarantees
Completion expected in second half of 2026, subject to consents
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