KUALA LUMPUR: The long wait by 66,000 shareholders of Maika Holdings Bhd is about to end as a local Indian group from the private sector has agreed to purchase all of their investments for about RM106mil, according to sources close to the matter.
The proposed purchase value of the shares was RM20mil above the total net value of Maika’s assets, which was currently worth only about RM85mil, they told Bernama yesterday.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!