PETALING JAYA: Star Media Group Bhd
(SMG) could have potentially made a substantial profit had the deal with Matang Bhd succeeded.
At 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.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
