PETALING JAYA: Star Publications (M) Bhd executive deputy chairman Datuk Vincent Lee has reiterated that there are “no plans at all” for a management buyout (MBO) of the company.
“An MBO would be difficult as the MCA is governed by the central committee. Such a move would also have to go through an EGM and obtain the approval of the majority of members,” he told reporters after the company AGM yesterday.
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