<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 20): Shares in financially-stressed Utusan Melayu (M) Bhd tumbled 27.27% this morning after the newspaper group, which has debts of RM139.19 million as at June 30, said it is facing an uphill task of finding a white knight to salvage it.</div>

<div class=newsTextDataWrapInner>At 9.15am, Utusan fell 3 sen to 8 sen for a market capitalisation of RM8.86 million.</div>

<div class=newsTextDataWrapInner>Utusan said it is “impossible for the group to convince potential investors to revive the business”, as “a few potential identified parties has declined to participate, due to [the] group’s huge liabilities”.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Utusan has turned in a seventh consecutive quarterly net loss at RM3.89 million for the three-month period ended June 30, 2019 (2QFY19). Its quarterly revenue had more than halved to RM25.91 million, from RM63.87 million in the year-ago quarter.</div>

KUALA LUMPUR (Aug 20): Shares in financially-stressed Utusan Melayu (M) Bhd tumbled 27.27% this morning after the newspaper group, which has debts of RM139.19 million as at June 30, said it is facing an uphill task of finding a white knight to salvage it.

At 9.15am, Utusan fell 3 sen to...

Utusan tumbles 27.27% after seventh consecutive quarterly loss

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