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.