Utusan soars as chairman takes up big stake


Abd Aziz (pic) takes over from Tan Sri Mohamad Fatmi Che Salleh who resigned on May 15 as non-executive chairman.

PETALING JAYA: Investors in Utusan Melayu (M) Bhd are rallying behind returning chairman Datuk Abd Aziz Sheikh Fadzir, who has taken up a substantial stake in the ailing newspaper publisher many hoped he can rescue.

Shares in the Practice Note 17 (PN17) company jumped 100% yesterday to close at 23 sen. Turnover was active, with 1.42 million shares traded.

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