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MAA Holdings Berhad - Notification of Deemed Interest in Malaysian Merchant Marine Berhad

MAA HOLDINGS BERHAD

Type

Announcement
SubjectMAA Holdings Berhad
- Notification of Deemed Interest in Malaysian Merchant Marine Berhad

Contents :

    As at 6 April 2005, one of the wholly-owned subsidiaries of MAA Holdings Berhad ("MAAH" or "the Company"), Malaysian Assurance Alliance Berhad (Co. No. 8029-A) ("MAA Bhd") holds a total of 1,978,000 Islamic Preference Shares ("IPS") of RM1.00 each in Malaysian Merchant Marine Berhad (Co. No. 259253-X) ("MMM").

    On 17 January 2005, Melewar Steel Services Sdn Bhd (Co. No. 21834-P), a wholly-owned subsidiary of Melewar Industrial Group Berhad (Co. No. 8444-W) ("MIG") acquired 12,000,000 ordinary shares of RM1.00 each in Trenergy (Malaysia) Berhad (Co. No. 206596-H) ("Trenergy") representing approximately 16.03% of the issued and paid-up capital of Trenergy (hereinafter referred to as "the Acquisition").

    Trenergy in turn holds 28.67% equity interest in MMM.

    By virtue of the Acquisition and the fact that Tunku Ya’acob bin Tunku Abdullah is the ultimate beneficial owner cum director of the major shareholder of MAAH, MIG, Trenergy and MAA Bhd, the Company is therefore deemed to be a related party of MMM.

    This announcement is dated 6 April 2005.


Announcement Info

Company NameMAA HOLDINGS BERHAD  
Stock Name MAA    
Date Announced6 Apr 2005  
CategoryGeneral Announcement
Reference NoCM-050405-55181

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