Syed Mokhtar’s firm sells its stake in Media Prima?

CORRECTION

Aurora Mulia Sdn Bhd, a company linked to tycoon Syed Mokhtar Albukhary, has disposed of 353.81 million shares in Media Prima Bhd, ceasing to be a substantial shareholder in the company.

In a filing with Bursa Malaysia today, Media Prima stated that the deemed interest pursuant to Section 8(4) of the Companies Act 2016 has ceased, indicating a significant update regarding the company’s compliance with corporate governance regulations.

According to the company’s Annual Report 2023, Aurora Mulia holds 31.9% or 353.81 million shares in Media Prima, which owns major newspapers, commercial television and radio stations.

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