Malaysia's former ruling party Umno loses direct control of Utusan paper after shares sale to former party youth leader
PETALING JAYA (THE STAR/ASIA NEWS NETWORK) - Malaysia's former ruling Umno party has lost direct control of Utusan Melayu (Malaysia) Bhd after 31.6 per cent stake of the company's shares changed hands on Friday (Feb 8).. Read more at straitstimes.com.
Umno loses direct control of Utusan - Nation | The Star Online
PETALING JAYA: Umno has lost direct control of Utusan Melayu (Malaysia) Bhd after 31.6% stake of the company's shares changed hands on Friday (Feb 8). It is understood that former Kulim-Bandar Baharu MP Datuk Abd Aziz Sheikh Fadzir was the buyer of the block of shares from Umno.
Umno gives up stake in Utusan
PETALING JAYA: Umno has given up its 31.6% share in Utusan Melayu Berhad, ending its ownership of the media company, long regarded as the Malay party's propaganda tool. Utusan Malaysia, the company's flagship publication, which also acts as a mouthpiece for Umno, said the party's 35 million shares had been transferred to a company owned by Abd Aziz Sheikh Fadzir.
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