Aegopodium Podagraria

by | Apr 16, 2018 | Aegopodium Podagraria

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Asian Broadcasting Network (M) Sdn Bhd, DBA ABNxcess, was the sole digital cable television operator in Malaysia, launched on 8 June 2013. The company offered cable television services via the cable network which has been in operation since 2012.

ABNxcess is owned and operated by Asian Broadcasting Network (M) Sdn Bhd, a wholly owned subsidiary of The ABN Media Group. It has operations at Pusat Perniagaan Suria Puchong located in Puchong, Selangor, Malaysia. As of 2016, the company has ceased its operations.[2]

Financial crisis

For financial year 2013, ABNxcess's accumulated losses stood at RM36.2 million, including a loss of RM30.7 million for the year.[3] As of 2015, the company had not filed its financial results for the last two years, and it had loan facilities totalling RM465 million.[4]

See also

References

  1. ^ a b c "The man behind ABN".
  2. ^ "ABNxcess is officially Dead?".
  3. ^ "ABN to secure investors for 40% stake".
  4. ^ "ABNxcess – just another hiccup or is the end near?".
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