Posted by Cipta > 2 months ago | Report Abuse

Giving its asset mostly in cash, hostile takeover is possible.

Posted by TheContrarian > 2 months ago | Report Abuse

MAA has a rotten investment in KNM. Lots of cash was wasted there.

Posted by TheContrarian > 2 months ago | Report Abuse

Just bought back MAA at 38.5 sen. Hope price doesn't go lower.

Posted by Cipta > 2 months ago | Report Abuse

When MAA bought Turiya, some shareholders said the same but now they see how much MAA made. KNM is losing money right now, but it still has valuable assets just like MAA. Tengku needs to get more PR with his peers. I reckon everyone will be friendly towards him if he does proper communication and profit sharing.

Posted by TheContrarian > 2 months ago | Report Abuse

Ya, MAA needs to turn KNM around but will take a long time.

Posted by TheContrarian > 2 months ago | Report Abuse

If MAA resumes paying dividend or do a share buy back it will earn itself brownie points from the minority shareholders.

Posted by TheContrarian > 2 months ago | Report Abuse

Bought at 37.5 sen today.

Posted by xiaoeh > 2 months ago | Report Abuse

wait at 0.355...
possible..?

Posted by TheContrarian > 2 months ago | Report Abuse

Don't think so.

Posted by Cipta > 2 months ago | Report Abuse

Possible,. MAA soon will be PN17 again. If Tengku doesn't take any proactive action, it will be delisted.

Posted by xiaoeh > 2 months ago | Report Abuse

Posted by Cipta > 12 minutes ago | Report Abuse
Possible,. MAA soon will be PN17 again. If Tengku doesn't take any proactive action, it will be delisted.

why you say so Cipta..?
don't mind sharing more of what you know...?

Posted by Cipta > 2 months ago | Report Abuse

Following the sale of MAA Philippines, MAA no longer has a core business and has been incurring losses for three consecutive quarters.

Posted by curiousq > 2 months ago | Report Abuse

Heard a few yrs ago, tengku wanted to privitized MAA @1.10 but they vote down at EGM, tengku very angry and let them suffering

Posted by speakup > 2 months ago | Report Abuse

It's true

Posted by Cipta > 2 months ago | Report Abuse

It's unlikely. Over the past five years, while MAA was under PN17, Tengku required cash to invest in new business ventures by Bursa rules, otherwise MAA risked delisting. Regulations prevented him from initiating another SCR in a short period. However, it has now been five years since the first attempt.

Posted by Cipta > 2 months ago | Report Abuse

https://theedgemalaysia.com/article/way-forward-maa-after-failed-src

Posted by xiaoeh > 2 months ago | Report Abuse

Thanks for sharing Cipta and Curiousq

Posted by curiousq > 2 months ago | Report Abuse

The Board of Directors of MAAG wishes to announce that the Company has acquired to date over the period from 8 February 2024 to 10 May 2024 via direct business transaction a total of 201,475,000 ordinary shares of KNM Group Berhad (“KNMG”) at an average price of RM0.165 per share, representing 4.98% of the total issued share capital of KNMG for a total purchase consideration of RM33,243,375.

Posted by xiaoeh > 2 months ago | Report Abuse

KNM going to turn around soooooon..?

Posted by SCM2023 > 2 months ago | Report Abuse

MAA is a dead stock. Is it impossible to kick management team out? We are being scammed since the day RM1.10 offered deal

Posted by Hippopotamuska > 1 month ago | Report Abuse

Also have been deprived of the yearly dividends after the failed privatization attempt.

Posted by xiaoeh > 1 month ago | Report Abuse

MAA unstoppable buying KNM
why ha...?

2024-05-29
Insider
MAA GROUP BERHAD (a substantial shareholder) acquired 2,363,200 shares on 28-May-2024.
2024-05-29
Insider
MAA GROUP BERHAD (a substantial shareholder) acquired 10,000,000 shares on 27-May-2024.

Posted by curiousq > 1 month ago | Report Abuse

OMG!! cannot again

Posted by speakup > 1 month ago | Report Abuse

look back should have accept MAA privatsation

Posted by Hippopotamuska > 1 month ago | Report Abuse

The current management team failed the shareholders again by incurring huge losses for MAA. This is not what the shareholders are looking for. Until when this shameful saga will end?