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.
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