PETALING JAYA: Star Media Group Bhd’s (SMG) Alex Yeow has expressed surprise at an analysis by Tan Sri Tong Kooi Ong on the deal by SMG and Matang Bhd.
“We are actually surprised by some information and their interpretations quoted in the article that are not consistent with facts we disclosed in the company’s announcement,” Yeow, who is SMG group CEO, responded when approached at the Federation of Motor & Credit Companies Associations of Malaysia anniversary dinner last night.
“The analysis we rely on was performed by a professional and Bursa Malaysia-approved licensed independent adviser, who has stated their independent opinion. While we respect him as a media veteran, we urge our shareholders to read our extraordinary general meeting circular carefully for accurate facts,” he said.
He also invited concerned shareholders to come forward and attend the upcoming EGM to get first-hand information on this proposal. In his column Tong’s Portfolio published in The Edge, Tong questioned the value of the deal with Matang and the cost of constructing the buildings at the Star Business Hub.
Tong emerged as a substantial shareholder in SMG last month, having a direct 0.254% stake, or 1.84 million shares, in SMG, while through The Edge Communications, he has an indirect 37.5 million shares or 5.17% stake.to our Premium Plan for an ad-free and unlimited reading experience!
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yeow: Tong’s take on Matang deal inconsistent with EGM circularPETALING JAYA: Star Media Group’s (SMG) Alex Yeow has expressed surprise over an analysis by Tan Sri Tong Kooi Ong on the deal by SMG Bhd and Matang Bhd.
Read more »
Yeow: Tong’s take on Matang deal inconsistent with EGM circularPETALING JAYA: Star Media Group’s (SMG) Alex Yeow has expressed surprise over an analysis by Tan Sri Tong Kooi Ong on the deal by SMG Bhd and Matang Bhd.
Read more »
Iran frees Belgian aid worker in prisoner swap | The Malaysian InsightOman’s foreign ministry helps broker ‘exchange deal’.
Read more »
Tune Talk Introduces Borneo 25 Plan With 30GB For RM20 Per MonthTune Talk has introduced a special deal for those who live in Sabah and Sarawak. The telco is offering up
Read more »
Ahmad Mazlan: Cabinet to discuss falling ringgit value with Bank Negara todayKUALA LUMPUR, May 26 — Deputy Finance Minister I Datuk Seri Ahmad Maslan today said that the government will discuss strategies to deal with the falling value of the ringgit...
Read more »
Ahmad Maslan: Cabinet to discuss falling ringgit value with Bank Negara todayKUALA LUMPUR, May 26 — Deputy Finance Minister I Datuk Seri Ahmad Maslan today said that the government will discuss strategies to deal with the falling value of the ringgit...
Read more »