News about Star Media

Kenanga said that despite Star Media’s various initiatives, it is still too early to turn positive at this juncture.

A three-member Federal Court bench on Thursday unanimously dismissed Star Media Group’s appeal against a decision unfavourable to the media company issued by the Court of Appeal in 2021 — which set aside a prior High Court's summary judgement in 2020 for JAKS to pay RM134.

Shareholders rejected the proposal for Star Media to sell a piece of land in Bukit Jelutong with the proposed buildings to Matang for RM33 million.

Aside from a land asset, the deal includes the sale of the two semi-detached buildings to Matang, which will be developed by Star Media at an estimated cost of RM14.

Matang inked an agreement with Star Media’s wholly-owned unit SMG Land Sdn Bhd on Friday (Feb 10), to acquire two units of double-storey semi-detached factory and warehouse annexed with a one-and-a-half-storey office building and other ancillary buildings - which is located within the Star Business Hub, an industrial development project in Bukit Jelutong, Shah Alam.

KUALA LUMPUR (July 28): JAKS Resources Bhd has succeeded in its appeal against the High Court decision requiring the company to pay damages to Star Media Group Bhd in relation to the latter’s corporate guarantee claim.

KUALA LUMPUR (April 26): Star Media Group Bhd will continue to unlock the value of its land and building assets through tenancy, including listing its property on Airbnb besides being on the lookout for potential partners for joint property developments as the newspaper publisher seeks to demonstrate adaptability and build resilience in response to an evolving media landscape amid the Covid-19 pandemic, Star Media chairman Tan Sri Chor Chee Heung said.

KUALA LUMPUR (March 9): Star Media Group Bhd has appointed Tan Sri Chor Chee Heung as its independent and non-executive chairman, effective March 15.

KUALA LUMPUR (March 1): Datuk Fu Ah Kiow has resigned as Star Media Group Bhd chairman today to spend more time with his family, the company said.

KUALA LUMPUR (May 13): Star Media Group's CEO Andreas Vogiatzakis (pictured) resigns after nine months on the job, several sources say.