KUALA LUMPUR (March 9): Former finance minister II Datuk Seri Johari Abdul Ghani has emerged as a substantial shareholder in Media Prima Bhd after buying 109.7 million shares in the open market today through his private investment vehicle, JAG Capital Holdings Sdn Bhd, as the share price of the group tumbled by 10%.
According to an exchange filing today, Johari now has a direct 4.96% or 55 million shares, and indirect 4.93% or 54.7 million shares in Media Prima following a series of acquisitions.
Johari is a director of JAG Capital and CI Holdings Bhd. He is also the chairman and largest shareholder of KUB Malaysia Bhd.
KUALA LUMPUR (March 9): Based on corporate announcements and news flow today, companies in focus on Wednesday (March 10) may include: Malaysian Resources Corp Bhd (MRCB), Serba Dinamik Holdings Bhd, Kanger International Bhd, Top Glove Bhd, Star Media Group Bhd, KESM Industries Bhd, MMAG Holdings Bhd, Scientex Bhd, Media Prima Bhd, Komarkcorp Bhd, Daibochi Bhd and Complete Logistics Services Bhd.
Malaysian Resources Corp Bhd (
MRCB) is set to make its mark in New Zealand via a partnership with Panuku Development Auckland to develop the Aotea Central Over Station Development with a gross development value of RM1.3 billion (NZ$452 million) in Auckland City Centre. The urban regeneration development above City Rail Link s Aotea Station spreads across 1.08 acres with a total gross floor area of approximately 45,292 square metres.
MDEC appoints chief digital business officer as part of Reinvent agenda Details 02 March 2021
The Malaysia Digital Economy Corporation (MDEC) has appointed Aiza Azreen Ahmad (pictured) as chief digital business officer to drive all business development, strategic and operational aspects of the company. This includes corporate and business development initiatives; strategic planning; budget development and control; commercial input into national digitalisation development; as well as support investor relationships and fundraising.
In her new role, Aiza will be a member of the MDEC Operating Council and will report directly to CEO Surina Shukri. She will oversee and steer the digital adoption ecosystem in eCommerce, business digital adoption, data ecosystem development and the digital infrastructure departments. She will also lead external innovation opportunities to expand commercial strategies and build corporate business and innova
KUALA LUMPUR (Feb 25): Media Prima Bhd returned to the black with a net profit of RM18.84 million for the fourth quarter ended Dec 31, 2020 (4QFY20), from a net loss of RM104.46 million a year ago, underpinned by lower operating expenses achieved through its cost optimisation initiatives. This is the media group’s second consecutive quarterly profit for the financial year ended Dec 31, 2020 (FY20).
Its quarterly revenue, however, slipped 2.1% to RM298.09 million, from RM304.63 million a year ago, its filing to Bursa Malaysia showed.
The drop in revenue was dragged mainly by broadcasting and publishing segments.
The group’s broadcasting revenue declined by 12% against 4QFY19 due to lower television and radio advertising expenditure.
THE anticipated turnaround at Media Prima Bhd seems to have piqued investor interest in recent months as its share price had more than doubled to 34 sen last Monday from 14 sen in October 2020, just as the second Conditional Movement Control Order (CMCO) was implemented in several states.
The media group returned to the black with a net profit of RM12.43 million for the third quarter ended Sept 30, 2020 (3QFY2020), from net losses of RM20.1 million in the previous quarter and RM24.16 million a year ago, on the back of improved revenue and lower operating expenses. Revenue rose 1.21% to RM268.77 million from RM265.55 million the year before.