PETALING JAYA: Media Prima Bhd
has stepped forward to clarify its shareholding structure, after acknowledging some misunderstandings had emerged from its Oct 7 announcements on substantial shareholder cessations.
On Monday, the group through filings to Bursa Malaysia had declared that Sutera Bakti Sdn Bhd (SBS), Tradewinds Group (M) Sdn Bhd (TGM), and Restu Jernih Sdn Bhd (RJSB) had ceased to be its indirect substantial shareholders via their deemed interest in Aurora Mulia Sdn Bhd (AMSB).
However, Media Prima said those announcements had inadvertently given rise to the idea that AMSB itself, and indirectly Tan Sri Syed Mokhtar Al-Bukhary, had stopped being substantial shareholders of the group.
The company clarified in another filing on Tuesday that AMSB has confirmed that it still holds a direct interest of 353.81 million shares, representing 31.9% in Media Prima, while Syed Mokhtar is keeping his indirect interest in the group by virtue of his shareholding in AMSB.
“The company would like to emphasise that this clarification is intended to ensure complete transparency and address any potential misinterpretations arising from the aforementioned company’s announcement to the Bursa Malaysia on October 7, 2024,” it said.
This means that although SBS, TGM and RJSB had reduced their indirect interest in Media Prima, AMSB itself is maintaining its stake in the group.
Leasing Corp Sdn Bhd last month acquired a 5.53% stake in the group, emerging as its latest substantial shareholder.
In addition, JAG Capital, the investment vehicle of Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani, holds a 25% equity in Media Prima while Morgan Stanley & Co holds a 10.18% stake.
