KINIBIZ Syed Mokhtar Al-Bukhary, Malaysia’s eighth richest man according to Forbes , this month completed the purchase of The Malaysian Reserve financial daily, staff at the newspaper were informed.

A journalist at The Malaysian Reserve told KiniBiz an official announcement of the Syed Mokhtar takeover was made internally earlier this month, confirming rumours that have been circulating for close to half a year now.

Highly placed sources also confirmed the sale, but declined to be identified as they were too close to the deal. It was not able to ascertain the price immediately.

For the complete article go to KiniBiz .