Friday 29 Mar 2024
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KUALA LUMPUR (July 4): MAA Group Bhd's interim special dividend of 35 sen will go ex on July 21.

The special dividend will be paid on Aug 5 to entitled shareholders, the group said in a filing to Bursa Malaysia today.

The group had earlier sold its 75%-owned subsidiary MAA Takaful Bhd to Zurich Insurance Co Ltd for RM393.75 million cash.

Upon completion of the sale, MAA planned to return RM100.76 million or 35 sen a share to shareholders in the form of a special dividend.

It plans to use the RM290.49 million from the sale proceeds to acquire businesses in the manufacturing and education services sector.

MAA's share price closed unchanged at RM1.20 today for a market capitalisation of RM345.46 million.

 

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