Presently, Maha Asia is a wholly-owned subsidiary of Bonia. Maha Asia is principally a property investment company
PETALING JAYA: Bonia Corp Bhd
has entered into a conditional share sale agreement with its major shareholder and group executive chairman Chiang Sang Sem for the 100% equity interest in Maha Asia Capital Sdn Bhd for RM2.49mil.
The proposed disposal is deemed a related party transaction in view of the interest of Chiang, who owns some 46.81% of Bonia.
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