PRESS RELEASE BY MCA CENTRAL COMMITTEE
8 November 2010
The Central Committee meeting today reaffirms the power and authority of the trustees of MCA to acquire for and on behalf of MCA 313,315,760 ordinary shares of RM1 each in Star Publications (Malaysia) Berhad (the Star Shares”) from Huaren Holdings Sdn Bhd for a consideration of RM1,281,461,458 at RM4.09 per share based on the prevailing market value.
The Central Committee also reaffirms MCA’s beneficial interests in Star as aforesaid remain unchanged both before and after the transfer. The transfer is effected for the purpose of reorganizing MCA’s investments, whereby Huaren Holdings Sdn Bhd will divest its passive investment in Star and increase focus on its investments in unquoted shares and other assets, in order to achieve greater management efficiency and provide maximum return to the stakeholders. MCA’s investments in Star will continue to be passive and long-term in nature.
MCA reaffirms its long held commitment of non-interference in the business and affairs of Star which will continue to be managed and run by independent and competent professionals.
马华中委会于今天的会议确认马华信托人，从华仁控股有限公司手上取得星报出版有限公司（即《星报》的股权）总共313,315,760的普通股。华仁控股是根据市价，即以每股4令吉09仙，总值12亿8146万1458令吉的价格，把《星报》的股份转给马华。
马华中委会强调，此项股权转移并未影响马华在《星报》的利益。此项转移旨在重组马华的投资活动，让华仁控股有限公司能够摆脱在《星报》的被动式投资，并专注于其他非上市股份和资产的投资活动，以便达到更有效的管理并为股东提供最大收益。马华在《星报》的投资将会继续保持被动式和长期的投资。
马华中委会也重申，马华将继续秉持不干预《星报》事务的原则，《星报》将继续由独立及有能力的专业人士管理及操作。
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