OTHERS MAA GROUP BERHAD ("MAAG" OR THE "COMPANY") PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MAAG PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SCR")

MAA GROUP BERHAD

Type Announcement
Subject OTHERS
Description
MAA GROUP BERHAD ("MAAG" OR THE "COMPANY")

PROPOSED SELECTIVE CAPITAL REDUCTION AND REPAYMENT EXERCISE OF MAAG PURSUANT TO SECTION 116 OF THE COMPANIES ACT, 2016 ("PROPOSED SCR")

The terms used herein shall have the same meaning as those defined in the Company’s announcement dated 27 February 2019 in relation to the Proposed SCR, unless otherwise stated.

We refer to the Company’s announcements dated 27 February 2019 and 14 March 2019 in relation to the Proposed SCR.

On behalf of the Board, Affin Hwang Investment Bank Berhad wishes to announce that the Board (save for the Interested Directors), had on 29 March 2019, deliberated on the contents of the SCR Offer Letter and had resolved to accept the SCR Offer Letter. The Board (save for the Interested Directors) will table the Proposed SCR to the non-interested shareholders of the Company at an extraordinary general meeting to be convened for their consideration and approval.

Please refer to the attachment for further details.

 

This announcement is dated 29 March 2019.




Please refer attachment below.

Attachments

MAAG - Proposed SCR.pdf
744.2 kB



Announcement Info

Company Name MAA GROUP BERHAD
Stock Name MAA
Date Announced 29 Mar 2019
Category General Announcement for PLC
Reference Number GA1-29032019-00131