About 100 former and current staff of Utusan Malaysia at a protest demonstration today.
The possibility of delisting arises after talk that the oldest Malay daily, established in 1939 as Utusan Melayu with its first publication in Jawi, would cease operations this Wednesday after operating for 80 years. He told FMT that Utusan could face closure within weeks. Malaysiakini reported that NUJ’s Utusan branch chairman Mohd Taufek Abdul Razak had said Utusan would cease operations on Wednesday.In a filing to Bursa Malaysia today, it said that based on the current performance of its publishing, distribution and advertising segment, the board is unsure that the group would turn around by the end of the financial year 2019.
It also said that it is impossible for the group to convince potential investors to revive the business.
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