MAA to sell entire stake in Turiya for RM53mil

PETALING JAYA: MAA Group Bhd has agreed to sell its entire 57.78% stake in Turiya Bhd for RM52.86mil, or 40 sen a share, to Khidmat Kejora Sdn Bhd (KKSB) and Neo Pixel Sdn Bhd (NPSB).

In a filing with Bursa Malaysia, MAA said the buyers are controlled by Tan Sri Dr Mohan M.K. Swami and Datuk Sri Shamir Kumar Nandy, respectively.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
MAASellsTuriya , TakeoverOffer , MohanSwami , TuriyaPrivatisation , MAAInvestmentExit

Next In Business News
Navigating Fed uncertainty
Turning footfall into higher profits
Capitalising on the tourism momentum
POWERING ASEAN’S DIGITAL GROWTH
Indonesia MSCI alert sends ripples to Malaysia
Eco Business Park 8 first look signals new industrial opportunities in JS-SEZ
Wawasan Dengkil unit enters 25-year sublease for solar plant site
ICT Zone Asia secures RM23.82mil hardware deal
Fire hits Kumpulan Jetson subsidiary’s Port Klang factory
SDS Group’s London Bakery acquires 14.32 ha in Johor for RM101.7mil

Trending in Business

Others Also Read

Load more

Copyright © 1995- Star Media Group Berhad [197101000523 (10894-D)]

Best viewed on Chrome browsers.