PETALING JAYA: MAA Group Bhd
(MAAG) has proposed to acquire a 57.78% stake, representing 132.15 million shares, in Turiya Bhd for a cash consideration of RM23.8mil, or 18 sen per share.
In its exchange filing, MAAG said it had entered into an unconditional sale and purchase agreement with Bahrain-based Ithmaar Bank BSC for the transaction.
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