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Article: MALAYSIA'S NEW STRAITS TIMES IN TALKS TO SELL MALAY MAIL.

Article from:
AsiaPulse News
Article date:
December 12, 2007
Copyright

KUALA LUMPUR, Dec 12 Asia Pulse - The New Straits Times Press (Malaysia) Berhad (NSTP) (KLSE:3999) has confirmed that it is in the midst of negotiations to explore the possibility of selling its subsidiary, Malay Mail Sdn Bhd, to a consortium comprising Simpletech Sdn Bhd and Gabungan Kesturi Sdn Bhd.

Simpletech is a company controlled by Datuk Mohd Ibrahim Mohd Nor while Gabungan is a substantial shareholder of Media Prima Berhad, Malaysia's largest media group.

"No formal agreement has been entered into at this date," the leading newspaper group said in a statement to ...

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