KUALA LUMPUR: Star Media Group Bhd emerged as one of the most actives counter in the early trading session, after The Edge Communications Sdn Bhd and its owner Tan Sri Tong Kooi Ong have surfaced as substantial shareholders.
At 9.46 am, the Star Media share prices rose 8.5 sen to 59.5 sen, with 61.10 million shares changing hands.
In a filing with Bursa Malaysia yesterday, Star Media said that Tong owns a direct interest of 1.84 million shares or 0.25 per cent stake as well as 37.5 million shares or 5.17 per cent indirect interest through The Edge Communications.
With a total of 5.42 per cent stake, The Edge and its owner Tong would be substantial shareholders in the Main Market-listed Star Media.
MCA is the controlling shareholder of Star Media, holding 45.4 per cent equity interest. – BERNAMA
