PNB arrangement seen unlocking Media Prima’s property value
Media Prima Bhd (Sept 3, 45 sen) Maintain neutral with a higher target price of 49 sen: Media Prima Bhd’s second quarter of the financial year ended June 30, 2018 (2QFY18) revenue grew 4.
Khazanah chief Shahril exits Media Prima, MBSB, MRCB
KUALA LUMPUR (Aug 21): As he clocked in as Khazanah Nasional Bhd’s new managing director yesterday, Datuk Shahril Ridza Ridzuan (pictured) resigned from the board of directors of three companies, namely Media Prima Bhd, Malaysia Building Society Bhd (MBSB) and Malaysian Resources Corp Bhd (MRCB) as their non-independent, non-executive director.
JAKS gets interim injunction on RM50m payout to Star Media
KUALA LUMPUR (July 31): JAKS Resources Bhd was granted an interim injunction by the Federal Court yesterday to restrain the payout of a RM50 million bank guarantee to Star Media Group Bhd.
JAKS fails again to block RM50m guarantee payout to Star Media
KUALA LUMPUR (July 27): The Court of Appeal today dismissed the application by JAKS Resources Bhd for an Erinford Injunction to restrain the payout of a RM50 million bank guarantee to Star Media Group Bhd.
JAKS Resources down 8% ahead of injunction appeal hearing
KUALA LUMPUR (July 27): Shares of JAKS Resources Bhd fell as much as 8% this morning to RM1.
JAKS's latest injunction application against Star to be heard on Friday
KUALA LUMPUR (July 25): Star Media Group Bhd today confirmed that it has been served with a fresh Erinford injunction by JAKS Resources Bhd.
JAKS files injunction in Court of Appeal to halt RM50m payment to Star
KUALA LUMPUR (July 25): JAKS Resources Bhd filed a fresh injunction in the Court of Appeal today to restrain two banks from releasing a RM50 million guarantee to Star Media Group Bhd.
High Court dismisses JAKS' injunction bid to halt RM50m payment to Star, JAKS to appeal
KUALA LUMPUR(July 23): The Kuala Lumpur High Court has dismissed an Erinford Injunction application filed by a subsidiary of JAKS Resources Bhd, JAKS Island Circle Sdn Bhd (JIC).
JAKS gets interim restrain of RM50m guarantee to Star
KUALA LUMPUR (July 18): JAKS Resources Bhd obtained an ad interim order at the High Court yesterday to restrain two financial institutions from releasing the group’s RM50 million bank guarantee to Star Media Group Bhd.
JAKS loses lawsuit against Star Media; Court orders banks to release RM50m bank guarantee
KUALA LUMPUR (July 12): The High Court has ordered the two issuing financial institutions to release a RM50 million bank guarantee called on by Star Media Group Bhd in February, in relation to an agreement for the purchase of a piece of land in Section 13, Petaling Jaya for RM135 million.
