MAA GROUP BERHAD

KLSE (MYR): MAA (1198)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

Last Price

0.355

Today's Change

-0.01 (2.74%)

Day's Change

0.355 - 0.355

Trading Volume

805,500


7 people like this.

3,321 comment(s). Last comment by TheContrarian 2 days ago

Cipta

971 posts

Posted by Cipta > 2022-04-29 15:40 | Report Abuse

Altech is currently constructing a battery materials coating pilot plant in Germany to demonstrate its patented
Silumina AnodesTM technology, targeted to supply the burgeoning European electric vehicle market. In
addition, on 20 April 2022, Altech released to the ASX an announcement entitled ‘Altech – Outstanding
Preliminary Feasibility Study for Silumina AnodesTM Battery Materials Project’.

Announced 21st April 2022

Cipta

971 posts

Posted by Cipta > 2022-04-29 15:44 | Report Abuse

Should MAA convert its option to Altech share in this May?

Baobab

113 posts

Posted by Baobab > 2022-05-10 09:14 | Report Abuse

SCGM is paying a special dividend of RM2.21 to its shareholders. The company prioritizes the interest of the shareholders and is rewarding its shareholder when their cash balance is ballooning. The act of SCGM's management is commendable and exemplary to the market. Do you think the management of MAA will also do the same to reward its shareholders with dividends?

TheContrarian

8,596 posts

Posted by TheContrarian > 2022-05-23 20:38 | Report Abuse

MAA called off promised dividend.

Baobab

113 posts

Posted by Baobab > 2022-05-24 09:35 | Report Abuse

I hope this is not a punishment to the shareholders for failing the privatization offer.

Posted by Hippopotamuska > 2022-05-24 10:27 | Report Abuse

MAA was suffering from a huge loss of RM83.3m. Unbelievable. Who should be responsible for such a huge loss?

Posted by minority88 > 2022-05-24 10:48 | Report Abuse

Poor management by the present director board under TY. Since no privatization by him anymore plus no dividend payment as promised. And he and his groups hold less than 50 % of the shares. The minority shareholders should put up an resolution to remove the present directors board.

beluga

271 posts

Posted by beluga > 2022-05-24 13:00 | Report Abuse

KNM board is now controlled by TY people. For some strange reason, TY seem to always keen in this sector. Previously, Malaysian Merchant Marine Berhad (MMM) , Trenergy Berhad, Siam Power .. Not good outcome on company level. I honestly don't know why he thinks he can turn around KNM with almost same people. I wonder if they benefited or shouldn't it be "once bitten, twice shy" case?

TheContrarian

8,596 posts

Posted by TheContrarian > 2022-05-24 14:03 | Report Abuse

Huge loss reported due to share of loss from associated company KNM.

Posted by Hippopotamuska > 2022-05-24 16:53 | Report Abuse

We the shareholders of MAA entrusted the board of directors to maximize the return to shareholders, not maximize the losses to shareholders. If the board is unable to carry out this duty proficiently, why not resign and let other capable people do it.

Cipta

971 posts

Posted by Cipta > 2022-05-25 10:18 | Report Abuse

TY buying KNM and start selling its prize asset just like he bought MAA and sold its main business which generated most of its revenue. KNM may soon become PN17 by selling off its main business unit. And then will take years to find a core business like MAA?

Posted by Hippopotamuska > 2022-05-27 14:09 | Report Abuse

The price dropped till 50 cents. Mana Ada Adil?

Posted by Hippopotamuska > 2022-05-30 16:14 | Report Abuse

When can the price of MAA move near its net asset value?

DickyMe4

179 posts

Posted by DickyMe4 > 2022-05-30 16:14 |

Post removed.Why?

Posted by Hippopotamuska > 2022-05-31 15:04 | Report Abuse

It is currently underpriced and Makes All Angry.

Posted by minority88 > 2022-06-02 12:16 | Report Abuse

May I know when is the Maa Agm? Someone should put up an resolution to remove TY and his partner. Then he will buy back the shares or make another privatization effort because worry losing controlling stake. At present he is holding less than 50%.So we should gather for the effort to remove him. After that any one also can be the new chairman and ceo. Just following up with his footsteps sales all the assets and return back all the money RM2 pershare to the shareholders. Then everyone will happy including TY.

danny123

1,156 posts

Posted by danny123 > 2022-06-02 22:22 | Report Abuse

Pandai2 jual above $1.00
U get CON???

Posted by Hippopotamuska > 2022-06-09 08:12 | Report Abuse

Litrak is distributing a dividend of RM5.08 per share and does not wish to maintain its listing status. How nice if MAA also can do the same.

Posted by Hippopotamuska > 2022-06-15 09:07 | Report Abuse

Do something good for the shareholders, please.

Posted by Hippopotamuska > 2022-07-28 09:32 | Report Abuse

Great to know the major shareholder of CCB has up the offer for the second time to take the company private.

Posted by Hippopotamuska > 2022-07-28 09:34 | Report Abuse

Shall the minority shareholders of MAA anticipate such a great thing to happen?

Posted by Hippopotamuska > 2022-09-01 11:09 | Report Abuse

Keep making losses. Real hopeless.

LiTech

63 posts

Posted by LiTech > 2022-09-23 16:36 | Report Abuse

Where are those people that are against the privatisation? Can they act in concert and send a manager and turn the company around?

firehawk

4,769 posts

Posted by firehawk > 2022-09-30 22:53 | Report Abuse

What's happening to this counter? He doesn't make good use with all the cash received 2 years ago? he makes lousy investment? Turiya, knm ....?

Posted by Hippopotamuska > 2022-10-12 16:37 | Report Abuse

A competent and capable management team will generate profit for the company and otherwise.

LiTech

63 posts

Posted by LiTech > 2022-11-10 11:17 | Report Abuse

Please be prepared to bid farewell to MAA since nothing interesting happening anytime soon

Posted by Hippopotamuska > 2022-11-15 14:31 | Report Abuse

Time for a change. Vote them out. Make MAA great again.

Posted by Hippopotamuska > 2022-11-22 12:27 | Report Abuse

Can someone with significant shares call for an EGM to remove the board of directors that has badly performed?

Posted by Hippopotamuska > 2022-11-23 11:40 | Report Abuse

Dear friends, please share your view on the above proposal if this is the right approach to go forward.

firehawk

4,769 posts

Posted by firehawk > 2022-12-03 08:09 | Report Abuse

Even below 40sen .... his ability to sink share price is very impressive :-(

LiTech

63 posts

Posted by LiTech > 2022-12-08 08:38 | Report Abuse

can write off this stock from share account as nothing can be done

hope888

32 posts

Posted by hope888 > 2023-03-18 17:24 | Report Abuse

Will there be a new offer for Maa Share at RM1.40 ? In 2019 Melewar offered to take Maa private at RM1.10 a share. Why is there no news on the new share offer ?

Posted by Hippopotamuska > 2023-05-23 12:14 | Report Abuse

RM1.40 is a fair and reasonable price. But will the major shareholder be so kind to offer this price to the minority shareholders on the next privatization call?

speakup

25,013 posts

Posted by speakup > 2023-05-23 12:44 | Report Abuse

MAA was cash rich when it sold it's insurance biz. Instead of returning the cash to shareholders, it squandered it buy buying tons of KNM

speakup

25,013 posts

Posted by speakup > 2023-05-23 12:48 | Report Abuse

Now with cash gone, dont hope for any privatisation

Posted by Hippopotamuska > 2023-05-26 16:31 | Report Abuse

I don't think the money from privatization will come from the company. It should come from the party who wishes to privatize the company. Am I right?

beluga

271 posts

Posted by beluga > 2023-05-31 15:12 | Report Abuse

someone go invite Mr Tong Kooi Ong to buy. need people like him to stir the public attention on how independent directors can simply approve a related party transaction. https://theedgemalaysia.com/node/668812

speakup

25,013 posts

Posted by speakup > 2023-05-31 21:36 | Report Abuse

meant MAA is no more cash rich, and used its cash to buy overpriced assets like KNM, who would want to privatise MAA?

Cipta

971 posts

Posted by Cipta > 2023-06-08 14:28 | Report Abuse

Tengku bought MAA years ago and selling off its asset one by one to make profit. In buying KNM, i believe he will do the same thing to release value of the asset. Now what shareholders worry is whether he is losing his magic touch

MacDee34

232 posts

Posted by MacDee34 > 2023-09-11 15:45 | Report Abuse

Tunku Yaacob needs to be removed from the company. He is acting only in his own I Teresa and just keeps loosing money from his mistakes. Now MAA is the subject of a whistleblower investigation he keeps trying to cover up. Read the story below and then read the documents that the story leaks at the end of the story. You need an egm and shareholder approval to make such guarantees. Do you remember voting for this?

https://infopulsetoday.com/breaking-news-high-level-leak-exposes-alleged-corporate-scandal-involving-maa-group-berhads-tunku-dato-yaacob-khyra/

MacDee34

232 posts

Posted by MacDee34 > 2023-09-11 15:46 | Report Abuse

According to the bombshell report, TY is accused of single-handedly derailing a critical Share Sale & Purchase Agreement dated 23 May 2022, effectively torpedoing a deal that was already completed and awaiting payment. The report alleges that this decision was made in the shadows, without the necessary approvals or disclosures, flagrantly violating the Malaysian Companies Act 2016.

But the plot thickens. TY is also accused of reneging on a financial assurance guarantee that MAA Group Berhad had issued, promising to inject a staggering sum of €5 million or more into FBM if the “BORSIG Disposal” did not occur. This guarantee was seen as a lifeline for FBM, and TY’s refusal to honor it has been branded as a shocking betrayal and an act of fraudulent misrepresentation.

haziqaz

162 posts

Posted by haziqaz > 2023-09-12 11:14 | Report Abuse

Mafia Korporat Kenneth Vun dalang di belakang jutawan Jerman Andreas Heeschen desak EGM pecat Tunku Yaacob Khyra & lembaga pengarah KNM Group

https://thecorporate-secrets.com/blog/2023/09/11/mafia-korporat-kenneth-vun-dalang-di-belakang-jutawan-jerman-andreas-heeschen-desak-egm-pecat-tunku-yaacob-khyra-lembaga-pengarah-knm-group/

speakup

25,013 posts

Posted by speakup > 2023-09-12 12:42 | Report Abuse

Tangkap this FTEC boss

Cipta

971 posts

Posted by Cipta > 2023-09-12 14:43 | Report Abuse

No newspaper published what MacDee34 claim.

MacDee34

232 posts

Posted by MacDee34 > 2023-09-12 15:31 | Report Abuse

@Cipta , Nobody needs to publish anything in the news. The documents in the article speak for themselves. Did you vote to approve the 5 million euro guarantee issues by MAA to FBM? There is no record of an EGM for this purpose. It is a material event that requires shareholder approval. That is the rule. Tunku Yaacob who signed this illegally formed document in behalf of MAA should be removed and penalized for abuse of power or CBT appropriately. He and his board of directors who enable him know that there are no resources at the material time to honor the guarantee. The company financial records show these facts clearly.

Cipta

971 posts

Posted by Cipta > 2023-09-12 15:52 | Report Abuse

@MacDee34 KNM has lodged report on this news and MCMC had taken down the news link. TY must provide proof that this is fake news otherwise MCMC wont take down the portal. TY is not a fool to make police report if the rumor was true.

MacDee34

232 posts

Posted by MacDee34 > 2023-09-12 16:49 | Report Abuse

I have seen several versions of this news report and all are not taken down by MCMC. In fact MCMC has no authority to determine the validity of company documents or filed reports with Bursa or SC. If the documents were not real, then why has Tunku Yaacob not disputed the authenticity of the documents? Show us all where he claims that these leaked documents are not authentic. It is very easy for him to do and would clear the air once and for all. But the truth is that he does not have the balls to further the lies.

Cipta

971 posts

Posted by Cipta > 2023-09-12 17:55 | Report Abuse

if the doc is genuine and correct, why no established news portal published it?. Show us the link by reputable news agency if you said there are.

Post a Comment