KUALA LUMPUR: 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.