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Berjaya Media eyes diversification into new businesses

Mimi Sabreena 8:52:00 PM Informasi

KUALA LUMPUR (Sept 28): Berjaya Media Bhd (BMedia), which saw its first-quarter net loss narrow by 29.8% year-on-year, has been exploring options including diversifying into new businesses outside the media sector to strengthen the financial position of the group, with the key objective to regularise its Practice Note 17 (PN17) condition.

"At this juncture, no suitable or viable proposal has been shortlisted for consideration," it said in a filing with Bursa Malaysia today.

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