MAA Group sells entire 58% stake in Turiya for RM52.86mil

KUALA LUMPUR: MAA Group Bhd has proposed to disposed of its entire 57.78% equity interest held in Turiya Bhd for RM52.86mil cash.

In a filing with Bursa Malaysia, MAAN said it has entered into a share sale and purchase agreement (SSPA) with Khidmat Kejora Sdn Bhd (KKSB) and Neo Pixel Sdn Bhd (NPSB) for the disposal of 132.1 million shares in Turiya at a cash consideration of RM0.40 per sale share or a total consideration of RM52.86mil.