NEXNEWS Bhd has received the Securities Commission (SC) app- roval for its proposed acquisition of a 70% interest in The Edge Communications Sdn Bhd and 100% in Sun Media Corporation Bhd. The target companies are publishers of the business weekly The Edge and English daily theSun, respectively.
Nexnews, which had previously been involved in jewellery manufacturing, said it had planned a new core business to strengthen the company as it had been registering losses in the past few years. Last year, Nexnews posted a pre-tax loss of RM6.6mil on a turnover of RM10.9mil.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
