Sunday, November 7, 2010

MCA buys 42% stake in Star for RM1.28bil

KUALA LUMPUR: MCA yesterday announced it has bought a 42.4% stake in Star Publications (M) Bhd for RM1.28bil, or RM4.09 a share, from its wholly-owned subsidiary Huaren Holdings Sdn Bhd and is in the process of maintaining its beneficial interests in Star.
“The transfer is effected for the purpose of reorganising MCA’s investments, whereby Huaren Holdings will divest its passive investment in Star and increase focus on its investments in unquoted shares and other assets, in order to achieve greater management efficiency and provide maximum return to stakeholders,” said MCA in a statement.
“MCA’s investments in Star will continue to be passive and long-term in nature” it said.

(Source: The Star)

When we invest in Stock, we should consider long term investment. For those investor, who always looking for short term gain, it will not make you rich in stock investing. It makes you greedy and heading to huge losses in long run.

I like their concept "Be Passive and Long Term in Nature"...

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