Utusan's huge debt turns off potential investors
KUALA LUMPUR (Aug 20): Financially stressed Utusan Melayu (M) Bhd is facing an uphill task finding a white knight to salvage the newspaper group, with total debts of RM139.
Utusan sells another apartment unit in Jakarta to fund VSS
KUALA LUMPUR (July 2): Utusan Melayu (Malaysia) Bhd has announced the sale of a second apartment unit in Jakarta to help fund its voluntary separation scheme (VSS).
Utusan to transfer property, pay Nylex in dispute settlement
KUALA LUMPUR (April 9): Nylex Bhd said it has entered into an agreement with Utusan Melayu (Malaysia) Bhd for both parties to settle their legal dispute over the refund of deposits totalling RM10 million.
Utusan Melayu sells factory units for RM13.5m
KUALA LUMPUR (March 14): Utusan Melayu (M) Bhd has disposed of two adjoining semi-detached factories in Taman Shamelin Perkasa, Cheras for RM13.
Utusan to sell land for RM18m to raise working capital
KUALA LUMPUR (Nov 16): Loss-making media group Utusan Melayu (Malaysia) Bhd, which is formulating a regularisation plan to address its Practice Note 17 (PN17) status, is planning to sell a leasehold plot located in Jalan Tiga off Jalan Chan Sow Lin here for RM18 million, to unlock its value and raise working capital for the group.
