Aurora Mulia still holds 31.9% stake, clarifies Media Prima

 

Yesterday, Media Prima Bhd made three announcements to Bursa Malaysia regarding the cessation of Sutera Bakti Sdn Bhd, Tradewinds Group (M) Sdn Bhd and Restu Jernih Sdn Bhd as indirect substantial shareholders.

KUALA LUMPUR: 

Media Prima Bhd has clarified that Aurora Mulia Sdn Bhd, which is linked to tycoon Syed Mokhtar Albukhary, still holds a 31.9% stake, or 353.81 million shares in the company.

Yesterday, Media Prima made three announcements to Bursa Malaysia regarding the cessation of Sutera Bakti Sdn Bhd, Tradewinds Group (M) Sdn Bhd and Restu Jernih Sdn Bhd as indirect substantial shareholders.

This change is related to their deemed interest in Aurora Mulia, as specified under Section 139 of the Companies Act 2016.

The company clarified that these updates pertain to the shareholding structure and the cessation of these entities’ substantial shareholding status.

Aurora Mulia has confirmed that it still holds a direct interest of 353.81 million shares, representing a 31.9% (stake) in the company, and Syed Mokhtar holds an indirect interest in the company by virtue of his shareholding in Aurora Mulia,

 Media Prima said in a filing with Bursa Malaysia today.

It was reported yesterday that Aurora Mulia ceased to be a shareholder in Media Prima after disposing of a 31.9% stake, or the entire 353.81 million shares in the company.

Shares of Media Prima closed one sen higher at 47.5 sen, with 174,400 shares changing hands. - FMT