High Court orders JIC to pay overRM1.5mil to SMG


  • Nation
  • Friday, 21 Jun 2019

n a filing with Bursa Malaysia, SMG said it had posted a revenue of RM82.6mil and a net profit of RM3.6mil for the first quarter ended March 2019 with revenue and profit being affected by lower advertising revenue.

PETALING JAYA: Star Media Group Bhd has scored another victory in its legal battle against property development firm JAKS Island Circle Sdn Bhd (JIC).

This time, the High Court has allowed an application by Star Media Group (SMG) to enforce the undertaking issued by JIC filed early last year to stop the media group and the banks from accepting and releasing bank guarantees of RM50mil.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

New law incoming to address evolving property sector, says Nga
More than a tickle: Person in full-body costume caught on camera punching man
12 former UPNM students attacked Zulfarhan to get confession of missing laptop, says prosecution
Not impossible for single party to win Sabah polls, says Shafie
Deceased Navy cadet was targeted by officers during training, court told
Lorry driver dies in crash on NSE
Court of Appeal dismisses police, govt's bid to overturn RM450,000 damages award in custodial death case
Health Ministry allocates RM42.7mil for repairs, upgrading of health clinics in Sarawak
Sabah hopes to resolve human-crocodile conflict
Dry days coming with south-west monsoon, possible water shortages, says Zahid

Others Also Read