Berjaya Media tumbles after Bursa rejects extension plan


Berjaya Media had identified the white knight which is Singer (Malaysia) Sdn Bhd , a private company owned by BMedia’s major shareholder, Tan Sri Vincent Tan Chee Yioun to be injected into BMedia pursuant to its regularisation plan.

KUALA LUMPUR: Berjaya Media Bhd's share price tumbled to a low of 11.5 sen at midday on Tuesday as it faces suspension after Bursa Malaysia Securities rejected its application for further extension to submit its revamp plan.

At midday, it was down 11.5 sen to nine sen with 688,400 shares done.

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