Star Media to further diversify into non-print businesses

At the AGM: (from left) Star Media Group Bhd group managing director and CEO Datuk Seri Wong Chun Wai, Fu, deputy chairman Tan Sri Kuan Peng Soon, company secretary Ong Wei Lymn, non-independent non-executive director Datuk Dr Mohd Aminuddin Mohd Rouse and independent non-executive director Datin Linda Ngiam Pick Ngoh at the company’s 45th AGM.

PETALING JAYA: The proceeds from Star Media Group Bhd’s proposed disposal of its 52.51% equity interest in Singapore-listed Cityneon Holdings Ltd worth S$115.61mil (about RM360mil) will enable the group to further concentrate and diversify into non-print-related businesses.

Star Media Group chairman Datuk Fu Ah Kiow said the transaction, if approved, would allow the group to unlock value in its invesment.