Some political connections carry new costs in Malaysia; falling on the wrong side of the divide, an ally of Anwar is pressed to shed stake in a media firm

Article Abstract:

Malaysian Resources Corp Bhd (MRCB) is under pressure to sell its stake in a television station and five newspapers tied to the governing United Malays National Organization in a move to transfer the stake into more friendly hands. MRCB is one of the companies that were linked to Datuk Seri Anwar Ibrahim when he was still the deputy prime minister of Malaysia. Other companies that were identified with Datuk Seri Anwar are Hong Leong, Phileo Allied Bhd and Lankhorst Bhd.

Television Broadcasting, Organizational history, Television broadcasting stations, Malaysia, Mining & Extractive Industries, Mining, Management, Business, Television broadcasting industry, Mining industry, Political aspects, Malaysian Resources Corporation Bhd.

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Proposed asset sale dulls the shine of investing in New Straits Times shares

Article Abstract:

Many investment analysts no longer consider New Straits Times Press shares to be as attractive because of the company's decision to sell off its 20.1% stake in Commerce Asset Holdings. They believe that the $387.8 million the company will earn from the sale will not make up for the loss of an extremely good source of quality earnings for the publisher. Company officials stated that the sale was necessary to fund the company's expansion plans.

Publishing industry

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Frustrated investors give MRCB the cold shoulder

Article Abstract:

Investors at Malaysia Resources Corp (MRCB) and its affiliates, New Straits Times Press Bhd (NST) and Sistem Televisyen Malaysia (TV3), are not too happy with MRCB's decision to file a waiver to free the company of its commitment to offer NST and TV3 shares at 15.20 ringgit and 5.20 rinngit, respectively. The company has filed a waiver on the grounds of national interest. However, minority investors view the move differently.

Radio and Television Broadcasting, Radio & TV Broadcasting, Merger Regulation, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Laws, regulations and rules, Acquisitions and mergers, Broadcasting industry, Broadcasting, Corporation law, Malaysia Resources Corp., Sistem Televisyen Malaysia

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