Speculation has also risen on whether Syed Mokhtar(pic) is mulling a mega-merger of media players in Malaysia, putting together several key national newspapers including the New Straits Times, Berita Harian and Utusan Melayu under one umbrella.
PETALING JAYA: CGS-CIMB Research says it is unlikely a mandatory general offer (MGO) will take place for Media Prima Bhd
following news reports that tycoon Tan Sri Syed Mokhtar Al-Bukhary is upping his stake in the media group.
According to stock exchange filings with Bursa Malaysia yesterday, Aurora Mulia Sdn Bhd, a vehicle related to billionaire Syed Mokhtar, has bought a 11.09% stake in Media Prima from Gabungan Kesturi Sdn Bhd.
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