If this report is true then Indonesia has some claim to being proud for its investors are extending Indonesia’s influence overseas.
Those in the know about Malaysia’s media scene said that if such a transaction were to take place it would likely be Penang-based Kwong Wah Yit Poh of KL-based Oriental Daily as they are the last two independent Chinese-language dailies that the Sin Chew Group in Malaysia hasn’t gobbled up, yet.
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German keen to invest in Penang media firm via Lippo Group
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THE Penang media landscape may see the entry of a foreign player, sources said.
It is learnt that a German buyer, via Indonesia’s Lippo Group, is keen to acquire shares in a Penang-based Chinese newspaper.
A source said that the potential buyer is in talks with two Chinese media parties.
Chinese dailies circulated in Penang include Kwong Wah Yit Poh, Nanyang Siang Pau, The China Press, Guang Ming Daily, Sin Chew Daily and Oriental Daily.
Rumours have been circulating in Penang that Indonesian tycoon James Riady is buying into a small Penang newspaper. The Riady family’s business interests, known as the Lippo Group, span property, hospitals, and media in Asia.
Sources close to Riady in Jakarta, when contacted, said: “There is no foundation to the rumours”.
Last year, Riady launched Jakarta Globe in Indonesia. – By Marina Emmanuel |
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