Thailand's VGI acquires 25% in Malaysian OOH firm for $3.2m

VGI Global Media, a SET-listed out-of-home (OOH) media provider, has acquired a 25 per cent stake in Malaysian OOH media firm Puncak Berlian Sdn Bhd (PBSB) from Redberry Sdn Bhd, a wholly-owned subsidiary of Ancom Berhad, for an initial investment of 13.15 million ringgit ($3.2 million).