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.
