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MAA Group Berhad Announces Proposed Acquisition Of Nilam Timur Sdn Bhd

Monday, 26 Nov 2012 05:28am EST 

MAA Group Berhad announced that MAA Credit Berhad (MAA Credit), a wholly-owned subsidiary of MAA Corporation Sdn Bhd (MAA Corporation), which in turn is a wholly-owned subsidiary of MAA Group Berhad has entered into a Shares Sale Agreement (the Agreement) with Ahmad Nor Shaffuddin bin Ahmad Baharuddin and Rozeeta binti Ahmad Baharuddin (collectively referred to as the Vendors) on November 26, 2012 to acquire from the Vendors 290,002 ordinary shares of MYR1.00 each representing 100% equity interest in Nilam Timur Sdn Bhd (Nilam Timur) for a total cash purchase consideration of MYR 10.00 (the Acquisition). 

Company Quote

0.0050 +0.80%
2:35am EDT