Announcement details

Bursa Malaysia Securities Berhad ("Bursa Securities") has approved MAA's application for a waiver from complying with Paragraph 8.04(3)(a) and Practice Note 17 ("PN17") of the Main Market Listing Requirements of Bursa Securities ("Main Market LR"). The decision was arrived at after taking into consideration all facts and circumstances of the matter including amongst others, that the Company no longer triggers any prescribed criteria under Paragraph 2.1 of PN17 of the Main Market LR, the latest financial position of MAA as at 31 December 2020 including net assets of RM533.01 million and MAA had recorded three (3) consecutive quarters of net profit up to the quarter ended 31 December 2020, which have been subjected to a limited review by an external auditor.

With the waiver being granted, MAA will be uplifted from being classified as a PN17 company effective from 9.00 a.m., Friday, 26 March 2021.