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[Tempatan] Media Prima kosongkan bangunan di Bangsar. Jimat RM18.64 juta setahun

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Post time 14-7-2020 10:17 AM | Show all posts |Read mode
Media Prima to end leaseback deal with PNB, vacate Bangsar property — sources
Muhammed Ahmad Hamdan
theedgemarkets.com
July 14, 2020 08:00 am +08


KUALA LUMPUR (July 14): Media Prima Bhd, which is stuck in a years-long financial quagmire, may end its lease agreement with Permodalan Nasional Bhd (PNB) for a property in Bangsar as a cost-cutting measure, sources said.

The property, known as Balai Berita, is occupied by the media group's 98.2%-owned subsidiary New Straits Times Press (M) Bhd (NSTP).

"The move is part of Media Prima's cost-cutting measures, which will see NSTP relocate to its printing plant in Bukit Jelutong, Shah Alam at the end of the year or by middle of next year," one of the sources told theedgemarkets.com.

"The ongoing renovation works on the second floor of the building (Balai Berita), which was originally meant for the new Utusan Group and The Malaysian Reserve, have also been ordered to stop following this new development," the source added.

NSTP interim chief executive officer Mustapha Kamil Mohd Janor, when contacted, confirmed the relocation decision but was not sure if the tenancy agreement will be terminated prematurely.

Mustapha, who is also Media Prima news and editorial executive director, said the move is part of the group's "rationalisation exercise".

Both Balai Berita and the Shah Alam printing plant are owned by PNB's property development arm PNB Development Sdn Bhd, which bought the two properties along with a vacant land in Shah Alam for RM280 million from Media Prima in November 2018.

PNB is also a substantial shareholder of Media Prima with a 6.1% equity interest held via Amanah Saham Nasional.

Except for the vacant land, Media Prima has since been renting these properties from PNB, under two separate three-year leaseback agreements with a monthly rental rate of RM720,082 for the Bangsar property and RM660,326 for the Shah Alam property.

The Bangsar property's annual maintenance fees have amounted to not more than RM10 million in past years, according to another source who is familiar with the matter. This means that NSTP would save around RM18.64 million per year, by moving out of its Bangsar headquarters.


It is unclear whether Media Prima's exit from the Bangsar deal has been mutually agreed to by both the media group and PNB, but if it pans out, the tenancy agreement may be terminated ahead of its initial expiry date in November 2021.

Media Prima, which had utilised the proceeds from the three properties sold to PNB in 2018 to repay its bank borrowings, continued to face financial difficulties, having carried out at least two mutual separation schemes since then.

On June 29, the group announced its latest retrenchment exercise involving 300 employees who will be let go on July 31. This would mark the seventh round of the group's "manpower rightsizing" exercise since it began in 2014.

As of the end of last year, the number of Media Prima group employees stood at 3,689, down 20% from 4,654 in early 2014. The number was further trimmed to 3,146 in March this year.

For the first quarter ended March 31, 2020, Media Prima's current liabilities stood at RM592 million, while cash in hand was only RM340.94 million.

The group, however, posted a narrower net loss of RM29.54 million compared with RM40.41 million for the year-ago first quarter, backed by group-wide cost-management initiatives. Revenue fell marginally to RM238.44 million from RM239.1 million on lower advertising revenue.

Following the sale of the three properties to PNB, Media Prima is still left with at least six properties, namely Sri Pena Resort in Port Dickson, an office in Georgetown, an apartment unit in London, a printing plant each in Prai (Penang),  Ajil (Terengganu) and Senai (Johor), and a TV studio facility in Glenmarie, Shah Alam.

It is understood that the printing plants in Ajil and Senai have been put up for sale while the Prai printing plant is currently occupied by Sinar Karangkraf Sdn Bhd, which prints the Malay-language daily Sinar Harian.


Media Prima is controlled by tycoon Tan Sri Syed Mokhtar Albukhary via Aurora Mulia Sdn Bhd — the largest shareholder of the media giant with a 31.9% equity interest. The group's second-largest shareholder is Morgan Stanley with a 12.8% stake.

Besides Media Prima, Aurora Mulia also owns Media Mulia Sdn Bhd, formerly known as Dilof Sdn Bhd, a subsidiary of recently delisted Utusan Melayu (M) Bhd that holds the permit for Utusan Malaysia and Kosmo!, which ceased publications in October last year, but will reportedly be relaunched later this year.

Syed Mokhtar is also believed to wholly-own TMR Media Sdn Bhd, publisher of The Malaysian Reserve.

Media Prima's share price closed unchanged at 17 sen, giving the group a market capitalisation of RM188.56 million. Year to date, the stock's value has shrunk by 39.29% or 11 sen.

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Post time 14-7-2020 10:23 AM | Show all posts
Tutup lah untunglah banyak mana pun akan tetapi media prime masih tidak mampu untuk membabayar gaji pekerja
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Post time 14-7-2020 10:28 AM | Show all posts
kena hidup utk agenda negara..
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 Author| Post time 14-7-2020 10:37 AM | Show all posts
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Post time 14-7-2020 11:03 AM | Show all posts
betul2 depan rumah iols... tak boleh la usya abg2 nstp dah... usya abg tnb je la lepas ni
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Post time 14-7-2020 11:36 AM | Show all posts
Lama dahulu sebelum ada Internet secara meluas tahun  90an kalau nak advertise jual kereta..rumah  Ataupun apa apa sahaja kena pergi building ni lah.
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Post time 14-7-2020 11:45 AM From the mobile phone | Show all posts
white_musk replied at 14-7-2020 10:23 AM
Tutup lah untunglah banyak mana pun akan tetapi media prime masih tidak mampu untuk membabayar gaji  ...

media prima still byr pampasan bkn mcm utusan tu
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Post time 14-7-2020 11:49 AM | Show all posts
Ramai yang dah mula buat benda yang sama tak kira syarikat besar atau kecil asal boleh jimat kos
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 Author| Post time 14-7-2020 03:18 PM | Show all posts
Utusan, BH, NST, Metro dijangka pindah ke Shah Alam hujung tahun ini
Mohamad Athir Ismail

AKHBAR arus perdana, Utusan Malaysia, Berita Harian, Harian Metro, New Straits Times (NST) serta The Malaysian Reserve dijangka memindahkan operasinya di Shah Alam, Selangor hujung tahun ini.

Kesemua akhbar tersebut kini beroperasi di bawah satu bumbung dekat Balai Berita, Jalan Riong di Bangsar, Kuala Lumpur.

Pemindahan itu dikatakan sebagai sebahagian daripada pelan pemulihan Media Prima Berhad yang saban tahun berhadapan dengan krisis kewangan.

Pemindahan syarikat subsidiari, New Straits Times Press (M) Berhad (NSTP) yang 98.2 peratus pegangannya milik Media Prima didakwa mampu menjimatkan perbelanjaan sehingga RM14.64 juta setahun.

“Tindakan ini merupakan sebahagian daripada proses mengurangkan kos melibatkan pemindahan NSTP ke loji percetakan di Bukit Jelutong, Shah Alam.

“Pemindahan ini dijangka dibuat pada hujung tahun ini atau pertengahan tahun hadapan.

“Bagaimanapun, kerja pengubahsuaian tingkat dua Balai Berita yang dibuat bagi mengoperasikan Utusan Malaysia dan The Malaysian Reserve juga diarahkan berhenti.”

Demikian kenyataan daripada sumber yang dipetik portal The Edge Markets hari ini.

Lapor portal itu lagi, pemindahan tersebut akan melibatkan pembatalan perjanjian sewaan bangunan tersebut dengan pemiliknya Permodalan Nasional Berhad (PNB).

PNB melalui PNB Development Sdn. Bhd. sebelum ini mengambil alih dua hartanah di Bangsar dan Bukit Jelutong serta sebidang tanah di Shah Alam.

Hartanah yang dimilliki Media Prima sebelum ini dijual kepada PNB pada November 2018 dengan nilai RM280 juta.

PNB juga dilaporkan mempunyai kepentingan dalam Media Prima sebanyak 6.1 peratus melalui Amanah Saham Nasional.

Sejak dipindah milik, Media Prima membayar sewaan kepada PNB sebanyak RM720,082 sebulan bagi Balai Berita di Bangsar dan RM660,326 di Shah Alam.

Faktor pemindahan tersebut juga ekoran daripada peningkatan penyelenggaraan bangunan di Bangsar tidak kurang daripada RM10 juta dalam beberapa tahun kebelakangan ini.

Bagaimanapun tidak dapat dipastikan pengosongan yang ingin dibuat Media Prima sudahpun mendapat persetujuan dengan PNB.

Sekiranya, persetujuan dicapai, maka perjanjian antara dua syarikat dana awam itu dijangka tamat lebih awal daripada yang sepatutnya pada November 2021.

Menurut Ketua Pegawai Eksekitif (CEO) sementara NSTP, Mustapha Kamil Mohd.Janor, beliau mengesahkan keputusan berpindah ke Shah Alam yang diambil Media Prima itu.

Namun tidak pasti sama ada perjanjian dengan PNB akan ditamatkan lebih awal ataupun mengikut tempoh sebenar.

Terdahulu, konglomerat media terbesar itu mengumumkan pelaksanaan pengurangan pekerja yang akan melibatkan 300 pekerja bermula 31 Julai ini.

Sebagai rekod, pelan berkenaan merupakan yang ketujuh dilaksanakan gergasi media itu sejak 2014 menjadikan jumlah pekerja diberhentikan seramai 3,446 orang.
Liabiliti tinggi

Suku pertama tahun ini, Media Prima mencatatkan liabiliti sebanyak RM592 juta berbanding tunai yang dimiliki, RM340.94 juta.

Bagaimanapun, kerugian selepas cukai dalam tempoh tersebut menurut kepada RM29.54 juga berbanding RM40.41 juta pada suku sama tahun lalu.

Pengurangan susulan daripada beberapa pelan penjimatan yang dilaksanakan pengurusannya.

Namun, margin pendapatan iklannya menurun daripada RM238.444 juta kepada RM239.1 juta.

Sebagai makluman, Media Prima dimiliki tokoh korporat, Tan Sri Syed Mokhtar Al Bukhary sebagai pemegang kepentingan terbesar iaitu sebanyak 31.9 peratus.

Sementara pemegang kepentingan kedua terbesar adalah Morgan Stanley iaitu sebanayk 12.8 peratus.

Di samping Media Prima adalah Media Mulia Sdn. Bhd. yang kini memegang hak penerbitan akhbar Utusan Malaysia dan Kosmo!.

Syarikat itu sebelum ini dikenali sebagai Dilof Sdn. Bhd. pernah menjadi subsidari Utusan Melayu (M) Berhad sebelum lembaga pengarahnya mengumumkan penggulungan secara sukarela pada Oktober 2019.

Saham Media Prima kekal berada pada kadar 17 sen seunit apabila ditutup menjadikan nilai keseluruhannya RM188.56 juta.

Sehingga kini, nilai saham syarikat itu dilaporkan menyusut sebanyak 11 sen atau 39.29 peartus. – SM
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Post time 14-7-2020 03:47 PM | Show all posts
Kurex replied at 14-7-2020 11:03 AM
betul2 depan rumah iols... tak boleh la usya abg2 nstp dah... usya abg tnb je la lepas ni

kau duduk Nadi ke kurex? kalau gitu serumah la kita
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Post time 14-7-2020 03:49 PM From the mobile phone | Show all posts
FOTHER-MUCKER replied at 14-7-2020 11:36 AM
Lama dahulu sebelum ada Internet secara meluas tahun  90an kalau nak advertise jual kereta..rumah  A ...

I pernah advertised sewa rumah..tp dah lupa mcm mana...18thn yg lalu tuh
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Post time 14-7-2020 03:49 PM | Show all posts
tu le..

beli drama tak balik modal lg

sangap sngt produce program2

pagi cite bende same

tengah hari cite bende sme

yg bahasa inggeris pn cite bende sme

mmg bg duit free je le kat pngacara2 tu

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Post time 14-7-2020 04:22 PM From the mobile phone | Show all posts
TalibanRock replied at 14-7-2020 03:47 PM
kau duduk Nadi ke kurex? kalau gitu serumah la kita

Salah..... Nanti kita dating ok?
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Post time 14-7-2020 04:31 PM From the mobile phone | Show all posts
Hidup perlu diteruskan
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Post time 14-7-2020 04:34 PM | Show all posts
dlu sri pentas kt sini jgk kan..
sebelum pindah kt damansara tu..
ingat lg tgk live sinaran passport kt bangunan jalan riong ni la..
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Post time 14-7-2020 04:48 PM | Show all posts
Kurex replied at 14-7-2020 04:22 PM
Salah..... Nanti kita dating ok?

kita dating kat mahbub je lah
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Post time 14-7-2020 05:17 PM From the mobile phone | Show all posts
TalibanRock replied at 14-7-2020 04:48 PM
kita dating kat mahbub je lah

Alaaaaa tak minat la situ.... Payah parking
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 Author| Post time 15-7-2020 11:13 PM | Show all posts
Media Prima operasi di tiga lokasi, tingkat kecekapan
Oleh Hazwan Faisal Mohamad

KUALA LUMPUR: Media Prima menjelaskan rancangan untuk menggabungkan operasinya kepada tiga lokasi iaitu Sri Pentas, Balai Berita 2 Shah Alam (BB2) dan Glenmarie Studios Shah Alam (Glenmarie Studios) bagi menepati keperluan aliran serta kecekapan ruang kerja.

Dalam kenyataannya menjelaskan laporan sebuah portal berita, Media Prima berkata, seperti diumumkan pada 4 Jun lalu, ia sedang melaksanakan fasa berikutnya pelan transformasi kumpulan yang disasar akan meletakkannya pada model perniagaan yang mantap serta mapan untuk jangka sederhana hingga panjang.

Katanya, kumpulan sedang melaksanakan beberapa inisiatif berkaitan semakan semula model pendapatan dan pengurusan kos membabitkan perubahan operasi bagi menangani ketidakcekapan kos daripada pertindihan kerja.

"Berdasarkan kecekapan aliran kerja yang bertambah baik, adalah ditentukan bahawa Media Prima tidak memerlukan kapasiti ruang sedia ada," katanya.

Selain Sri Pentas, BB2 dan Glenmarie Studios, Media Prima ketika ini turut beroperasi di Balai Berita 1 Bangsar (BB1).

Jumlah ruang pejabat dan studio bagi keempat-empat lokasi adalah melebihi sejuta kaki persegi, iaitu melebihi ruang yang diperlukan.

Media Prima berkata, adalah perlu ditegaskan bahawa ia memeterai perjanjian jual dan sewa balik bagi BB1 dan BB2 bersama PNB Development Sdn Bhd pada 2018.

"Berikutan itu, sebarang langkah untuk menggabungkan operasi Media Prima dan mengosongkan BB1 perlu dirundingkan dan dipersetujui bersama oleh kedua-dua pihak berdasarkan terma serta syarat perjanjian jual dan sewa balik berkenaan," katanya.
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Post time 16-7-2020 01:15 AM From the mobile phone | Show all posts
ada staf keje NSTP yg aku kenal ni, mmg dia duk bukit jelutong
best le rumah dekat kalo  opis dh pindah ke kilang percetakan bukit jelutong tu
dekat gila dgn rumah
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Post time 16-7-2020 01:32 AM | Show all posts
Note: Thread has been banned by manager
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