Key Developments: Star Publications (Malaysia) Bhd (STAR.KL)

STAR.KL on Kuala Lumpur Stock Exchange

2.47MYR
18 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Star Publications (Malaysia) Bhd declares second interim dividend
Wednesday, 26 Feb 2014 07:00pm EST 

Star Publications (Malaysia) Bhd:Declares second interim dividend of 6.0 sen per ordinary share of 1.00 Ringgit each, single tier and a special tax exempt dividend of 3.0 sen per ordinary share of 1.00 Ringgit each for the financial year ended Dec. 31, 2013.Says paymennt will be made on Apr. 18.  Full Article

Star Publications (Malaysia) Bhd Does Not Recommend Dividend
Wednesday, 20 Nov 2013 06:05am EST 

Star Publications (Malaysia) Bhd announced that the Board of Directors does not recommend any payment of dividend for the financial period ended September 30, 2013.  Full Article

Star Publications (Malaysia) Bhd's Subsidiary Announces Incorporation Of CARSIFU SDN BHD
Tuesday, 10 Sep 2013 05:15am EDT 

Star Publications (Malaysia) Berhad announced that Ocision Sdn Bhd, a subsidiary of the Company had on 6 September 2013 incorporated a wholly-owned subsidiary known as Carsifu Sdn Bhd (“Carsifu”) under the Companies Act, 1965. Carsifu has an authorised share capital of MYR400,000.00 comprising 400,000 ordinary shares of MYR1.00 each, of which two ordinary shares are issued and fully paid-up. The intended principal activity of Carsifu is operation of online car portal Website.  Full Article

Star Publications (Malaysia) Bhd Announces Acquisition Of Venus Agency Sdn Bhd
Monday, 2 Sep 2013 08:00pm EDT 

Star Publications (Malaysia) Bhd announced that it has on September 03, 2013 acquired two ordinary shares of MYR1.00 each representing 100% equity interest in Venus Agency Sdn Bhd for a total cash consideration of MYR2.00 only (the Acquisition). Venus Agency Sdn Bhd was incorporated on June 19, 2013 under the Malaysian Companies Act 1965 as a private company limited by shares, having an authorised share capital of MYR400,000.00 divided into 400,000 ordinary shares of MYR1.00 each, of which two ordinary shares of MYR1.00 each have been issued and fully paid-up. The intended principal activity of Venus Agency Sdn Bhd is to carry on the business of advertising agency.  Full Article

Star Publications (Malaysia) Bhd Announces First Interim Dividend
Wednesday, 14 Aug 2013 05:35am EDT 

Star Publications (Malaysia) Bhd announced that the Board of Directors of the Company has declared an interim dividend of MYR0.06 per ordinary share of MYR1.00 each, single tier. The Payment date is October 18, 2013.  Full Article

Star Publications (Malaysia) Bhd Announces Internal Re-Organisation Of Group Structure
Thursday, 4 Jul 2013 08:00pm EDT 

Star Publications (Malaysia) Bhd announced that following the transfer of 7,032,000 ordinary shares of MYR1.00 each from Star to its wholly-owned subsidiary, Star Commercial Publications Sdn Bhd in Rimakmur Sdn Bhd, which is also a subsidiary of Star, for a total consideration of MYR7,032,000.00 only, Rimakmur has become a direct subsidiary of Star Commercial. Rimakmur was incorporated on 21 February 1991 and its authorised and paid-up share capital are MYR25,000,000.00 and MYR10,032,000.00 respectively. Rimakmur is engage in the business of operating a wireless radio broadcasting station. The Reorganisation is not expected to have any effect on the issued and paid-up capital of Star or Star’s substantial shareholders’ shareholdings or any material effect on the earnings, net assets or gearing of Star on a consolidated basis.  Full Article

Star Publications (Malaysia) Bhd's Wholly-owned Subsidiaries Proposes Acquisition Of 90% Equity In Ocision Sdn Bhd And Group
Thursday, 30 May 2013 08:00pm EDT 

Star Publications (Malaysia) Bhd announced that the Company’s wholly-owned subsidiaries, Star MediaWorks Sdn Bhd (Star MediaWorks) and Star Commercial Publications Sdn Bhd (Star Commercial) (collectively be referred to as Purchasers) had on May 31, 2013 entered into a conditional Share Sale Agreement (SSA) with Ng Say Joe, Tan Swee Yeong and Crystal Horse Investments Pte Ltd (collectively be referred to as Vendors) for the acquisition of 1,710,000 ordinary shares of MYR1.00 each (Sale Shares), representing 90% of the issued and paid-up share capital of Ocision Sdn Bhd (Ocision) and also the acquisition of Ocision’s wholly-owned subsidiaries, namely iBilik Sdn Bhd, Propwall Sdn Bhd and Ocision Pte Ltd, Singapore for a total purchase cash consideration of MYR13.5 million only (Purchase Consideration), upon the terms and conditions as stipulated in the SSA (Proposed Acquisition). Subsequent to the Proposed Acquisition, Ocision will become a subsidiary of Star MediaWorks, which in turn is a sub-subsidiary of Star. Ocision is a private limited company incorporated in Malaysia on March 17, 2010. Ocision is an investment holding company and it has three wholly-owned subsidiaries who are principally engaged in the business of online portals. Ocision Group owns three internet portals, namely iBilik.com, Propwall.com and Carsifu.com. The Proposed Acquisition is funded through internally generated funds  Full Article

Star Publications (Malaysia) Bhd Does Not Recommend Dividend
Wednesday, 22 May 2013 05:36am EDT 

Star Publications (Malaysia) Bhd announced that no interim dividend have been recommended for the current quarter under review (Quarter 1 2012: Nil).  Full Article

Star Publications (Malaysia) Bhd Acquires Axis Genesis Sdn Bhd
Thursday, 18 Apr 2013 05:08am EDT 

Star Publications (Malaysia) Bhd announced that it has acquired two ordinary shares of RM1.00 each representing 100% equity interest in Axis Genesis Sdn Bhd for a total cash consideration of RM2.00 only (the Acquisition). Axis Genesis Sdn Bhd was incorporated on April 8, 2013 under the Malaysian Companies Act 1965 as a private company limited by shares, having an authorised share capital of RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each, of which two ordinary shares of RM1.00 each have been issued and fully paid-up. The intended principal activity of Axis Genesis Sdn Bhd is to carry on the business of publishers of magazines and books.  Full Article

Star Publications (Malaysia) Bhd Announces Acquisition Of Eighth Power Sdn Bhd
Monday, 15 Apr 2013 05:25am EDT 

Star Publications (Malaysia) Bhd announced that it has acquired two ordinary shares of MYR1 each representing 100% equity interest in Eighth Power Sdn Bhd for a total cash consideration of MYR2.  Full Article

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