All eyes on HLI’s impairment in MNI

PETALING JAYA: Following Media Prima Bhd’s RM142.4mil impairment of its investment in Malaysian Newsprint Industries Sdn Bhd (MNI), in which it has a 21.4% stake, the focus is now on Hong Leong Industries Bhd (HLI), which also has a stake in MNI, albeit a larger one at 33.65%.

Notably, HLI, which has subsidiaries involved in consumer and industrial products, has already said that the group would make a full impairment provision of RM171.5mil.