The pre-tax profit is a significant jump from the RM0.57mil posted in the preceding quarter. It excludes the net gain from the disposal of Cityneon Holdings Ltd, which amounted to RM206.86mil.
PETALING JAYA: Star Media Group Bhd
has called on a corporate guarantee given by JAKS Resources Bhd in relation to a property development project in Section 13.
Under the corporate guarantee, JAKS Resources is to ensure its subsidiary, JAKS Island Circle Sdn Bhd (JIC), fulfils all its obligations under a sale and purchase agreement (SPA) that it had entered into with Star Media Group on the project on Aug 19, 2011.
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