MAA Holdings gets MoF nod to sell insurance unit for RM344m

by **hlk** Wed 08 Jun 2011, 21:16

KUALA LUMPUR: MAA HOLDINGS BHD [] has obtained the Minister of Finance’s (MoF) approval to disposes of its 100% stake in Malaysian Assurance Alliance Bhd (MAAB) for RM344 million to Zurich Insurance Company Ltd.

MAA said on Wednesday, June 8 it had received the letter through Bank Negara Malaysia (BNM) for the disposal pursuant to Section 67 of the Insurance Act 1996.

MAA shares closed 11 sen higher at RM1.38 on Wednesday with 25.59 million shares done.

On April 11, it had submitted an application to BNM to seek the MoF’s approval to enter into an agreement with Zurich Insurance for the proposed disposal of the entire equity interest in MAAB; Multioto Services Sdn Bhd; MAAGNET Systems Sdn Bhd; Malaysian Alliance Property Services Sdn Bhd and MAAGNET-SSMS Sdn Bhd.

by **phoenix777** Wed 08 Jun 2011, 21:33

seems like will open lower tomorrow...........miss the 20ct spike

you hit uoa?

by **hlk** Wed 08 Jun 2011, 21:48

phoenix wrote:seems like will open lower tomorrow...........miss the 20ct spike

you hit uoa?

nope ... d pre opening prc b n s q playing up n down alr imply its a gone case plus ipo sentiment alr spoiled ... Sweat

lately cant trade cos boss din travel much ... Worried

by **phoenix777** Wed 08 Jun 2011, 21:53

the moment i see epf park so many 10k lot sell q there i know gone d........

by **hlk** Wed 08 Jun 2011, 21:56

MAA is leading d way up followed closely by melewah ... by time i sneaked a peek alr sky high liao ... Rolleyes

by **phoenix777** Wed 08 Jun 2011, 22:03

working n trading very hard....dangerous too.....i never win big in office.....
also i transfer all funds to ecm which is block by firewall......but i left osk open just in case of "emergency"

whn i saw maa already 1.40......i thght too high to chase mana tau it flew to 148......then all the way down....

did not saw melewar.....its been a while since it was last gorenged....
managed to make money from srige in the morn...

by **hlk** Wed 08 Jun 2011, 22:16

sridge is treading steadily up each day ... i 1st noticed it around 0.12 tot alr up fr low of 0.9 nvr heard of it b4 Headbang

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MAA Holdings gets MoF nod to sell insurance unit for RM344m

MAA Holdings gets MoF nod to sell insurance unit for RM344m

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Re: MAA Holdings gets MoF nod to sell insurance unit for RM344m

Re: MAA Holdings gets MoF nod to sell insurance unit for RM344m

Re: MAA Holdings gets MoF nod to sell insurance unit for RM344m

Re: MAA Holdings gets MoF nod to sell insurance unit for RM344m

Re: MAA Holdings gets MoF nod to sell insurance unit for RM344m

Re: MAA Holdings gets MoF nod to sell insurance unit for RM344m