Nexus -
info_outline
Stay signed in to save your points and redeem your rewards at Nexus

Your Rewards are Waiting!

Stay signed in to save the points you've earned. Click on the points to redeem your rewards at Nexus before they expire.

Login In Now
Corporate News

Star Media Group seeks stake in plantation company

SMG is expected to realise a net pro forma gain of about RM15.6mil from the property assets disposal.

PETALING JAYA: Star Media Group (SMG) is seeking approval from its shareholders at an EGM to take a 13% substantial stake in plantation company Matang Bhd.

The move by SMG will see the media company selling property assets for RM33mil to Matang, which will see an allotment and issuance of its shares to the media company.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
SMG , Matang , stakeacquisition , propertyasset , relatedpartytransaction , MCA , EGM , shareholderapproval , diversification , netprofit

Next In Business News
Infomina reports higher 1Q earnings
AWC secures RM39.7mil subcontract for Port Dickson data centre
Ringgit closes higher against US dollar on improved risk appetite
IHH Healthcare said to join race for TPG’s Malaysian hospitals
Epicon secures RM47.38mil subcontract for NNPE extension
Gamuda JV secures RM3.72bil Taiwan MRT contract
Big Caring Group signs underwriting agreement for IPO
MCE Holdings secures RM23.29mil US automotive contracts
Hibiscus Petroleum partners Seri Pajam to explore energy projects in Malaysia
Maybank, IIF forum focuses on financing Asean's energy transition

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.