The 2 sen conundrum for SMG shareholders

Potential gains: The circular to SMG shareholders on the Matang deal.

PETALING JAYA: Star Media Group Bhd (SMG) could have potentially made a substantial profit had the deal with Matang Bhd succeeded.

In the EGM on Wednesday, doubts were sown ahead of the voting process, which meant SMG would miss the opportunity for a potential incremental profit of RM15.6mil or two sen per share, and shareholders would lose the potential for higher dividend.