Media Chinese completes disposal of Toronto industrial property for RM28.65 mil
PETALING JAYA (Aug 7): Media Chinese International Ltd (MCIL) has completed the disposal of its Toronto industrial property for C$9.
PETALING JAYA (Aug 7): Media Chinese International Ltd (MCIL) has completed the disposal of its Toronto industrial property for C$9.
KUALA LUMPUR (April 10): Star Media Group Bhd (KL:STAR) said it has subscribed to A$35.
PETALING JAYA (March 30): Media Chinese International Ltd (MCIL) is drawing a definitive line under its North American print legacy, disposing of its Toronto industrial property for CAD$9.
The group attributed the weak performance to relatively lower contributions from its property development segment, due to higher progress billing from the Star Business Hub project a year ago.
Find out the y-o-y median transacted price movements of four of PJ’s most popular locales as of Oct 31, 2024 — based on EdgeProp Research and EPIQ platform.
The legal dispute, which started six years ago, centred on the divestment of the land by Star Media to JAKS Resources in 2011, in return for JAKS Resources building a 15-storey office building for Star Media on the site.
With the settlement agreement, the parties have agreed to withdraw legal proceedings and any counter claim against each other, with no liberty to file afresh.
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.