Astro Up Half-A-Sen After Trading Resumes Following GCEO Exit

KUALA LUMPUR, June 8 (Bernama) -- Astro Malaysia Holdings Bhd’s shares advanced half-a-sen to 6.5 sen apiece after resuming its trading at 10 am today.

Astro had announced to Bursa Malaysia earlier that its group chief executive officer (GCEO) Euan Smith had stepped down from the role after six years at the helm, effective June 7, 2026.

At 10.27 am, the counter saw 2.16 million shares change hands.

The content and entertainment company also said it has appointed Henry Tan as interim GCEO, effective June 16, 2026, while it seeks a suitable successor for the GCEO role.

Tan previously served as Astro’s GCEO from February 2019 to January 2023.

Smith, who holds 2.96 million shares, or 0.057 per cent of Astro’s total issued shares, will continue to provide technical advisory assistance to the board until Dec 6, 2026. 

In addition, he holds an interest in over 48.35 million unissued ordinary shares under the company’s long-term incentive plan through performance share awards. 

Astro’s shares closed at six sen last Friday, with a market capitalisation of RM313.55 million.

-- BERNAMA