Friday 29 Mar 2024
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KUALA LUMPUR: Former Inspector-General of Police (IGP) Tun Hanif Omar is listed as a substantial shareholder of Astro Malaysia Holdings Bhd, according to the pay TV operator’s filing with Bursa Malaysia yesterday. However, he has no economic interests in such shares, the filing added.

According to the filing, Hanif, 75, “is deemed to have an interest in 462.12 million shares or an 8.88% stake in Astro by virtue of his 25% direct equity interest in Harapan Terus Sdn Bhd”.

Harapan Terus’ deemed interest in the Astro shares arises through its wholly-owned subsidiaries, namely Berkat Nusantara Sdn Bhd, Nusantara Cempaka Sdn Bhd, Nusantara Delima Sdn Bhd, Mujur Nusantara Sdn Bhd, Sanjung Nusantara Sdn Bhd and Gerak Nusantara Sdn Bhd.

“The Harapan Terus subsidiaries hold such Astro shares under discretionary trusts for bumiputera objects. As such, they do not have any economic interest in such Astro shares as such interest is held subject to the terms of such discretionary trusts,” said Astro in the filing.

Astro retreated one sen or 0.33% to RM3.02 yesterday, with 3.68 million shares traded. It had a market capitalisation of RM15.76 billion.

 

This article first appeared in The Edge Financial Daily, on January 9, 2015.

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