Malaysia’s Media Prima to take over New Straits Times

Media Prima Bhd, Malaysia’s biggest publicly traded publisher, said it has received acceptances from 77.52 per cent of New Straits Times Press Bhd shareholders for a takeover and plans to have the newspaper group delisted. Media Prima may be able to boost the level of acceptances to more than 78 per cent, “in which case NSTP will not be able to remain as a listed entity,” a statement said today. The local stock exchange requires a public shareholding level of at least 25 per cent, it said. The offer is open to January 4, it said.