The Edge, owner buy 5.4pct stake in The Star publisher

Business media The Edge and its owner Tong Kooi Ong have secured a 5.42 percent stake in Star Media Group - publisher of English daily The Star - making them substantial shareholders.

Filings with Bursa Malaysia showed that Tong bought 1.84 million shares or a 0.25 percent stake in Star Media, while The Edge Communications Sdn Bhd bought another 37.5 million shares for a 5.17 percent stake.

MCA remains...