Syed Mokhtar’s son raises stake in Media Prima

Syed Mokhtar’s son raises stake in Media Prima

KUALA LUMPUR: Syed Danial Syed Mokhtar Shah, the son of business tycoon Syed Mokhtar has raised his stakes in the media company Media Prima Berhad via Aurora Mulia Sdn Bhd.

Aurora Mulia now controls 20.56% stakes in Media Prima after acquiring 50 million shares.

The recent share acquisition was done via a direct business transaction under the rules of Bursa Malaysia Securities Bhd. Media Prima’s share price on Wednesday’s closing traded at 48.5 sen.

As of July 11, this year, Aurora Mulia acquired 55 million shares bringing its interest to 16.05%.

Previously it purchased 123.02 million shares in the company from Umno-linked Gabungan Kesturi Sdn Bhd on July 2.

It now has acquired 228.02 million shares in Media Prima worth RM111.73 million.