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TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : RELATED PARTY TRANSACTIONS MAA GROUP BERHAD ("MAAG" or THE "COMPANY) LOAN GRANTED BY MAA CREDIT BERHAD TO KNM PROCESS SYSTEMS SDN BHD

MAA GROUP BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
MAA GROUP BERHAD ("MAAG" or THE "COMPANY)

LOAN GRANTED BY MAA CREDIT BERHAD TO KNM PROCESS SYSTEMS SDN BHD

The Board of Directors of MAAG, wishes to announce that MAAG through its wholly-owned sub-subsidiary company, MAA Credit Berhad has provided a loan of up to RM13.5 million to KNM Process Systems Sdn Bhd, which is a wholly-owned subsidiary company of KNM Group Berhad (“KNM”) today, via a letter of offer dated 8 May 2024 (the “Loan”). 

 

As of the today, MAAG together with its wholly-owned sub-subsidiary, Imperium Edumaax Sdn Bhd are holding 10.81% equity interest in KNM. KNM is an associated company of MAAG.

 

Further details of the Loan are set out as per the attachment.


This announcement is dated 9 May 2024.




Please refer attachment below.



Announcement Info

Company Name MAA GROUP BERHAD
Stock Name MAA
Date Announced 09 May 2024
Category General Announcement for PLC
Reference Number GA1-09052024-00035



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