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Worrisome words from the Khazanah MD
Written by M.A. Wind
Sunday, 06 November 2011
"Pay television operator Astro All Asia Networks plc is best taken private at this stage of its development, the chief of its major shareholder Khazanah Nasional Bhd said.
"We feel in its current stage of development with high definition television and the Indian investment, it is time when it needs to be taken off the market. I think you get better value ... but the debt market gets developed as a result," managing director Tan Sri Azman Mokhtar told reporters on the sidelines of the Invest Malaysia conference yesterday.
"But you can see the track record of the Usaha Tegas group ... they eventually go back for a listing," he said, referring to the recent re-listing of the group's Maxis Bhd.
Khazanah, which owns about 21.4 per cent of Astro, together with other owners Usaha Tegas Sdn Bhd and Bumiputera foundations had on March 17 offered to buy out minority shareholders of Astro at RM4.30 a share.
Astro closed up 2 sen at RM4.28 yesterday."
This post has been edited by smileguy: Nov 6 2011, 04:31 PM
Astro B.yond Episode III (Version 8.0), NEW WORLD OF ENTERTAINMENT
Nov 6 2011, 04:30 PM
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