Budget 2025: Tax expert calls for tech incentives, creating jobs for youths, and bringing back GST to bolster Malaysia’s economic and fiscal growthYesterday, Media Prima made three announcements to Bursa Malaysia regarding the cessation of Sutera Bakti Sdn Bhd, Tradewinds Group Sdn Bhd, and Restu Jernih Sdn Bhd as indirect substantial shareholders.
Yesterday, Media Prima made three announcements to Bursa Malaysia regarding the cessation of Sutera Bakti Sdn Bhd, Tradewinds Group Sdn Bhd, and Restu Jernih Sdn Bhd as indirect substantial shareholders. This change is related to their deemed interest in Aurora, as specified under Section 139 of the Companies Act 2016. The company clarified that these updates pertain to the shareholding structure connected to the cessation of these entities’ substantial shareholding status.
“Aurora has confirmed that it still holds a direct interest of 353.81 million shares, representing 31.90 per cent in the company, and Syed Mokhtar holds an indirect interest in the company by virtue of his shareholding in Aurora,” Media Prima said in a filing with Bursa Malaysia today. It was reported yesterday that Aurora ceased to be a shareholder in Media Prima after disposing of a 31.9 per cent stake, or the entire 353.81 million shares in the company.