After exceeding 50 per cent ownership of the issued shares, Kerry Media, a subsidiary of the Kerry Group, which is controlled by Malaysian tycoon Robert Kuok and his family, have placed an unconditional bid on the remaining shares.
Already the largest shareholder since buying News Corp’s stake in the paper in the early 90s, Kerry Media has been buying up the required shares to become majority shareholder since December 2007, when an unconditional bid was rejected.
Already the largest shareholder since buying News Corp’s stake in the paper in the early 90s, Kerry Media has been buying up the required shares to become majority shareholder since December 2007, when an unconditional bid was rejected.
In addition, it is believed that Robert Kuok’s daughter will take on a senior leadership role at the newspaper.
