Star Media Group will be closing down its Penang printing operations effective September.

According to a filing with Bursa Malaysia, the media group said the move was intended to centralise nationwide printing as part of an ongoing cost rationalisation exercise.

"The proposed cessation will involve staff redundancies, consideration of future utilisation of the land and building at Star Northern Hub and disposal of the press line.

"The proposed cessation does not amount to a cessation of the major business of the group as the company will still continue with its print business and all newspapers will be printed at the Star Media Hub located in Shah Alam, Selangor.

"In this respect, the group does not expect any significant adverse impact to its newspaper circulation in the northern region," it said.

It added that the move will not affect the group's capital shareholding of substantial shareholders.