 News Corporation then announced that it would sell 34.9 per cent stake — a controlling interest — for US$375 million to Kerry Media owned by Malaysian businessman Robert Kuok.Kuok's son, Kuok Khoon Ean, took over as chairman at the end of 1997.Kuok Khoon Ean's sister, Kuok Hui Kwong, was named chief executive officer on 1 January 2009.