Lowe China becomes a wholly-owned IPG subsidiary, headed by chairman/CEO Kitty Lun, while Lintas China will be 80 per cent owned by Guangming and 20 per cent by IPG.
The deal comes as Lowe China unveils its new Chinese name.
Lowe finalises China JV restructuring
SHANGHAI - Lowe will operate as two distinct entities in China, after restructuring its agreement with joint venture partner Guangming Daily Group.
