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Eswaran buys controlling stake in ABN Media Group
by hlk Fri 13 Jul 2012, 15:16
KUALA LUMPUR: Local businessman Datuk K.K. Eswaran has acquired a controlling stake in ABN Media Group which owns and operates Malaysia's first digital cable TV (CATV) network.
ABN Media said on Friday that Allgrow Capital (M) Sdn Bhd, which is owned by Eswaran's family, had bought a controlling equity interest.
"The acquisition will mark the entry of Datuk K. K. Eswaran into the local media industry," it said.
ABN Media Group's digital CATV services are provided by Asian Broadcasting Network (M) Sdn Bhd that has its broadcast centre in Puchong Gateway and is SCheduled to undertake trial runs.
ABN Media said on Friday that Allgrow Capital (M) Sdn Bhd, which is owned by Eswaran's family, had bought a controlling equity interest.
"The acquisition will mark the entry of Datuk K. K. Eswaran into the local media industry," it said.
ABN Media Group's digital CATV services are provided by Asian Broadcasting Network (M) Sdn Bhd that has its broadcast centre in Puchong Gateway and is SCheduled to undertake trial runs.
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