SMG’s Matang deal nixed despite more minorities support

Results by polling at SMG EGM

PETALING JAYA: Shareholders of Star Media Group Bhd (SMG) have voted against the company taking a 13% stake in plantation company Matang Bhd at an EGM yesterday.

However, the majority of the minority shareholders voted in favour of the deal.

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SMG , Matang , EGM , scuttled , relatedpartytransaction , minorityshareholders , proformaprofit , propertyassets , diversification

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