Asia Media Group, the country’s largest transit-TV network operator, is increasing gross profit margins in the current year by 50%, its CEO Datuk Ricky Wong Shee Kai said. “Last year, our gross margins were in the late 40%, but this year we intend to do better, as practise makes perfect,” he remarked.
• Wong commented that getting to the Main Market is the firm’s immediate aim, as it will need to raise substantial amounts of money to fund its RM500m expansion plan, which is part of the nation’s Economic Transformation Programme.
• “When we were listed last year, we had zero institutional backing, but we have been working towards having a good shareholder mix between retail and institutionals,” said Wong.TA Small Cap Fund, Tan Chong Koay’s Pheim Asset Management and Tan Sri Lee Kim Yew’s Golden Touch Asset Management collectively own more than 5% of Asia Media. (BT)
• Wong commented that getting to the Main Market is the firm’s immediate aim, as it will need to raise substantial amounts of money to fund its RM500m expansion plan, which is part of the nation’s Economic Transformation Programme.
• “When we were listed last year, we had zero institutional backing, but we have been working towards having a good shareholder mix between retail and institutionals,” said Wong.TA Small Cap Fund, Tan Chong Koay’s Pheim Asset Management and Tan Sri Lee Kim Yew’s Golden Touch Asset Management collectively own more than 5% of Asia Media. (BT)
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