KUALA LUMPUR: The Melewar group, which had indicated plans to launch a takeover of MAA Holdings Bhd (MAAH), expects to undertake the corporate exercise in the next 12 months.
Melewar Equities (BVI) Ltd managing director Tunku Ya’acob Abdullah said yesterday that it was possible to raise the financing for a voluntary general offer (VGO) within 12 months. “In the short term - in the next three months - absolutely no,” he said. Melewar owns 35% of MAAH, of which he is executive chairman.
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