UK fund ceases to be Media Prima substantial shareholder


Syed Mokhtar is the single largest shareholder in the media group with a 16.05% stake.

KUALA LUMPUR: Media Prima Bhd, which has been in the news recently about tycoon Tan Sri Syed Mokhtar Albukhary raising his stake, saw UK fund Edgbaston Investment Partners LLP disposing of 4.44 million shares.

A filing with Bursa Malaysia on Friday showed the Edgbaston Asian Equity Trust disposed of 3.46 million shares and the Edgbaston Asian Equity (Jersey) Trust sold 976,800 shares. 

The disposal of the shares reduced its shareholding to 5.236 million shares or 4.98%.

Edgbaston Investment Partners acts as the discretionary investment manager for the Edgbaston Asian Equity Trust and the Edgbaston Asian Equity (Jersey) Trust.

StarBiz reported Syed Mokhtar had acquired an additional 55 million shares or a 4.96% stake last week.

The acquisition, done via a direct business transaction at 60 sen per share for RM33mil, has made the tycoon the single largest shareholder in the media group with a 16.05% stake.

On July 2, Syed Mokhtar’s privately held vehicle, Aurora Mulia, bought a block of 123 million shares held by Gabungan Kesturi Sdn Bhd – a trust company for Umno.


Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

RHB, CGC in LCTF portfolio guarantee deal
Lagenda Properties' unit secures contract worth up to RM99.6mil
Icon Offshore secures four key agreements to drive portfolio growth and expansion
RHB, CGC ink Malaysia’s first LCTF portfolio guarantee agreement, valued at RM400mil
Solarvest secures RM142mil solar EPCC contract in Kedah
Allianz Malaysia posts 7.4% lower earnings of RM183.17mil in 3Q
Tex Cycle eyes M&A, ESG market expansion
Ringgit retreats after three days of gains
Sarawak Plantation posts 14.5% profit jump in 3Q, declares 15 sen dividend
MAHB raises RM1.6bil in oversubscribed sukuk wakalah

Others Also Read