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MAA Group secures time extension to submit regularisation plan

January 12, 2018 11:08 AM
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PETALING JAYA: Practice Note 17 (PN17) company MAA Group Bhd has been granted by Bursa Malaysia Securities Bhd an extension of time up to June 30, 2018 to submit its regularisation plan.

However, its shares will be suspended and delisted in the event it fails to submit its regularisation plan by June 30, 2018.

MAA has been classified a PN17 company since 2011, following the sale of its conventional insurance arm Malaysian Assurance Alliance Bhd to Switzerland-based Zurich Insurance Co Ltd.

Its shares closed slightly higher by 0.65% or half a sen to 77.5 sen today on some 46,000 shares done.


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