Shares in Star Media soar in morning trade

KUALA LUMPUR: The trading stock of Star Media Group Bhd surged as much as 24.5% in early morning trade to 63.5 sen a share following reports that Tan Sri Tong Kooi Ong, owner of The Edge Communications Sdn Bhd, had emerged as a substantial shareholder in the company.

At the opening bell, shares in Star Media rose 4.9% to 53.5 sen a share, and took flight in active trading thereafter.