MAA Group disposes unit for RM7.4 million gain

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KUALA LUMPUR (Oct 2): MAA Group Bhd has filed with Bursa Malaysia today on the disposal of a wholly-owned subsidiary, Nilam Timur Sdn Bhd, which would realise an estimated gain of RM7.4 million.

MAA said the disposal is in line with its long term strategy to focus on financial service business, by divesting its non-financial service subsidiary.

MAA closed unchanged at 66.5 sen today, with a market capitalisation of RM202.3 million.