Circular/Notice to Shareholders
| MAA GROUP BERHAD |
| Subject | Circular to Shareholders dated 21 December 2023 in relation to: Proposed Disposal by MAA International Group Ltd, a Wholly-Owned Subsidiary of MAA Corporation Sdn Bhd, which in turn is a Wholly-Owned Subsidiary of MAA Group Berhad, of 579,805 Common Shares in MAA General Assurance Philippines Inc ("MAAGAP"), Representing 85% Equity Interest in MAAGAP, to Triple P Philippines Pte Ltd ("Triple P" or the "Purchaser") for a Disposal Consideration of USD49.30 Million (Equivalent to RM230.80 Million) to be Wholly Satisfied in Cash, with an Option Granted for the Sale of the Remaining 102,318 MAAGAP Shares, Representing 15% Equity Interest in MAAGAP, to the Purchaser for an Option Consideration of USD8.70 Million (Equivalent to RM40.73 Million) |
Please refer attachment below.
Announcement Info
| Company Name | MAA GROUP BERHAD |
| Stock Name | MAA |
| Date Announced | 21 Dec 2023 |
| Category | Document Submission |
| Reference Number | DCS-21122023-00002 |