Wow up again it now

Buying back again.

I wish I can.

Take some profit at 0.95

Well written

So far I did not see any news that Bursa have extension MAA of time to comply with Paragraph 8.04(3) and PN17 of the Listing Requirements Jan 2016.There must be some thing going on the company very soon.

company buy back

Time to buy back

Major announcement soon.

MAA GROUP BERHAD


Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
Description MAA GROUP BERHAD ("MAAG" OR "THE COMPANY")

APPLICATION FOR AN EXTENSION OF TIME TO COMPLY WITH PARAGRAPH 8.04(3) AND PRACTICE NOTE 17 (PN17) OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") ("MMLR")




We refer to the Company’s announcement dated 4 August 2015 (“Announcement”) in relation to the approval from Bursa Securities for an extension of time to submit MAAG’s regularis­­ation plan by 31 December 2015.

Further to the Announcement, on behalf of the Board of Directors of MAAG (“Board”), SJ Securities Sdn Bhd wishes to announce that an application for an extension of time to comply with Paragraph 8.04(3) and PN17 of the Listing Requirements has been submitted to Bursa Securities on even date.

The application is subject to Bursa Securities’ consideration and an announcement in relation to the outcome will be released in due course.

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Company buyback 0.91 as today .

Breaking new high

I am slow but surely selling.

How far will it up

Check the edge valuation http://www.theedgemarkets.com/my/AA/dashboard?0=1198&exchange=KLSE.Write a comment..

Possible of close down and pay out .

Will there be records gain of RM 43 million for the next quarter ?

Announcement
Subject WINDING UP / RECEIVER & MANAGER / RESTRAINING ORDER / SPECIAL ADMINISTRATOR

Description MAA Group Berhad ("MAAG" or "the Company")

Members' Voluntary Liquidation of a Subsidiary Company, PT MAA General Assurance






1. Introduction

We refer to our earlier announcement made on 14 September 2015, the Company now wishes to announce that PT MAA General Assurance (“PTMAAG”), an indirect subsidiary of the Company had on 30 September 2015 passed a members’ resolution to approve the dissolution and voluntary winding-up of PTMAAG and to appoint a permanent liquidation team for the winding-up of PTMAAG as required by Otoritas Jasa Keuangan (“OJK”), the Indonesia Financial Services Authority.

Pursuant to the above, Tuan Dharma Azhar Damanik, S.H. and Tuan Romanus Muda Kota, S.H. of SRD & Co Lawyers with address at Menara Kadin 30th Floor Jl. H.R. Rasuna Said Kav. 2-3, Jakarta 12950, Indonesia, have been appointed as liquidators on 1 December 2015 pursuant to Article 142 (2)(a) of the Company Law, Indonesia to facilitate the members’ voluntary winding-up of PTMAAG.

2. Brief Information on PTMAAG

PTMAAG was established under Notarial Deed No. 42 dated 13 August 1993 and its articles of association were approved by the Ministry of Justice and Human Rights of Indonesia on 22 October 1993. PTMAAG obtained the general insurance license from the Ministry of Finance of Indonesia on 22 December 1995. PTMAAG became a sub-subsidiary of the Company on 27 March 2002.

The present authorised share capital of PTMAAG is Rp 100 billion divided into 100 million ordinary shares of Rp 1,000 each. Presently the issued and fully paid-up share capital of PTMAAG is Rp 44.7 billion divided into 44.7 million ordinary shares of Rp 1,000 each.

3. Rationale

The members’ voluntary winding-up of PTMAAG arose from the revocation of its operating license by OJK on 3 September 2015 due to the deficit in its shareholders’ fund of Rp 261.1 billion (approximately RM78.8 million) as at 30 September 2015, which therefore rendered the company no longer viable to continue as a going-concern. Further pursuant to the Company Law of No.40 of 2014, Indonesia, one of the grounds for a company to be wound up is due to the revocation of business license by the authority.

Therefore having considered these factors, the best option was to proceed with members’ voluntary winding-up of PTMAAG in the best interest of the shareholders of the Company.

4. Impact of the winding-up

The members’ voluntary winding-up of PTMAAG will not have any material operational effects on the Company as PTMAAG had been in a business run-off mode for more than three (3) years. As at 30 September 2015, the Company’s cost of investment in PTMAAG was RM20.7 million where full impairment allowance has been made in the financial year ended 31 December 2011. Based on the consolidated unaudited financial statements for the financial period ended 30 September 2015, the Company expects to record a gain of approximately RM43 million from the deconsolidation of PTMAAG.

5. Terms of reference of the appointed liquidators

The appointed liquidators will undertake to complete the voluntary winding-up of PTMAAG according to the applicable liquidation rules stipulated under the Company Law, Indonesia and coordination with OJK including following its directive, if any.

6. Role of the board of directors in light of the appointment of the liquidators

None of the directors or any person connected to them have any direct or indirect interest in the appointment of the liquidators. Further with the appointment of the liquidators, the board of directors of the Company will relinquish its control and involvement over the financials and operations of PTMAAG.



This announcement is dated 1 December 2015.

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Testing sold some at 0.825 0.835 0.86 at seller

Fake break out or real ????? Million $ question ?

Proposed Disposal of 100% Equity Interest in MAA Takaful Berhad ("MAAT") ("Proposed Disposal")
We refer to the announcement made by the Company on 16 June 2015 whereby Bank Negara Malaysia (“BNM”) had vide its letter dated 15 June 2015 stated that it has no objection in principle for MAAG and Zurich Insurance Company Ltd (“Zurich”) to commence negotiations for the Proposed Disposal.

The Board of Directors of MAAG (“Board”) wishes to announce that the Company, Solidarity Group Holding BSC (Closed) (“Solidarity”) and Zurich have jointly submitted an application to BNM on 30 November 2015 for approval of the Minister of Finance pursuant to the Islamic Financial Services Act 2013 to enter into an agreement with Zurich for the Proposed Disposal by the Company and Solidarity of their respective 75% and 25% equity interest held in MAAT.

The Company will make necessary announcements as and when there are material developments on the Proposed Disposal.



This announcement is dated 30 November 2015.

3 cents dividend ?

0.06 cents so far this year.

Second interim dividend

MAA GROUP BERHAD


EX-date 07 Oct 2015
Entitlement date 09 Oct 2015
Entitlement time 05:00 PM
Entitlement subject Second interim dividend
Entitlement description Second Interim Dividend of 3 sen per share under the Single-Tier System in respect of the financial year ending 31 December 2015
Period of interest payment to
Financial Year End 31 Dec 2015
Share transfer book & register of members will be 23 Sep 2015 to 23 Sep 2015 closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no TRACE MANAGEMENT SERVICES SDN BHD
Suite 12.03, 12th Floor,
566 Jalan Ipoh
51200Kuala Lumpur
Tel:0362528880
Fax:0362528080
Payment date 09 Oct 2015
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers 23 Sep 2015
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator Currency
Currency Malaysian Ringgit (MYR)
Entitlement in Currency 0.0300
Par Value Malaysian Ringgit (MYR) 1.000

Market down MAA still close at 0.025 up.

Look like going close shop.

PRACTICE NOTE 17 / GUIDANCE NOTE 3 : OTHERS

MAA GROUP BERHAD


Type Announcement
Subject PRACTICE NOTE 17 / GUIDANCE NOTE 3
OTHERS
Description MAA GROUP BERHAD ("MAAG" OR "COMPANY")

THE PROPOSED REGULARISATION PLAN PURSUANT TO PRACTICE NOTE 17 OF THE MAIN MARKET LISTING REQUIREMENTS OF BURSA MALAYSIA SECURITIES BERHAD




We refer to the announcements dated 30 December 2014 (“30 December 2014 Announcement”) in relation to the Proposed Regularisation Plan pursuant to Paragraph 8.04(3) and Practice Note 17 (“PN17”) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (“Bursa Securities”).

Pursuant to the 30 December 2014 Announcement, the Company had proposed to undertake a regularisation plan involving the following (“Proposed Regularisation Plan”):-

(i) Proposed settlement of all obligations and liabilities in PT MAA General Assurance (“PT MAA General”) (“Proposed Settlement”) and subsequent proposed divestment/ dissolution of PT MAA General;

(ii) Proposed subscription of additional equity interest in Columbus Capital Pty Ltd (“CCAU”) which will effectively increase MAAG’s equity interest in the company from 47.95% to 55% (“Proposed Subscription”); and

(iii) Application to BNM for classification as a Financial Holding Company and subsequent proposed splitting of the composite licence of MAA Takaful Berhad (“MAAT”) into two (2) separate entities (“Proposed Reorganisation”).

On behalf of MAAG, SJ Securities Sdn Bhd (“SJ Securities”) wishes to announce that the Board is currently revising the Proposed Regularisation Plan due to the following reasons:-

(i) as announced by the Company on 16 June 2015, Bank Negara Malaysia has vide its letter dated 15 June 2015 informed that it has no objection in principle for MAAG and Zurich Insurance Company Ltd (“Zurich”) to commence negotiations for the disposal of 75% equity interest held in MAA Takaful Berhad (“Proposed Disposal”).The Company has since commenced negotiations with Zurich on the Proposed Disposal, and is putting on hold the Proposed Reorganisation under the Proposed Regularisation Plan;and

(ii) MAAG has decided to put on hold the Proposed Subscription due to the performance of CCAU for the past five (5) quarters, which was below expectations.

Further details of the revised Proposed Regularisation Plan will be announced in due course.



This announcement is dated 3 August 2015.

Sold some at 1.7

I am still accumulating .

Is the company plan all the while is to sell all business and close shop and return all cash to shareholders ? It will be worth more than rm 1.

Proposed Disposal of 75% Equity Interest Held in MAA Takaful Berhad ("Proposed Disposal")The Board of Directors of MAAG (“Board”) wishes to announce that Bank Negara Malaysia (“BNM”) had vide its letter dated 15 June 2015 stated that it has no objection in principle for MAAG and Zurich Insurance Company Ltd (“Zurich”) to commence negotiations for the Proposed Disposal.

The above shall not be construed as approval for the Proposed Disposal. MAAG and Zurich would be required to obtain the prior approval of the Minister of Finance, with the recommendation of the BNM, pursuant to the Islamic Financial Services Act 2013, before entering into any agreement to effect the Proposed Disposal.

Further announcements will be made as and when there are material developments on the Proposed Disposal.



This announcement is dated 16 June 2015.


Dispose off all business ?

Thank you JAMESOOI

JAMESOOI Can you share with us the outcome of the AGM meeting ?

I wish I could attend .

Ha ha ha moving higher each day .

Should change the name to Takaful MAA .Ha ha ha

The Board of Directors of MAAG is pleased to propose for payment of first interim gross dividend of 3 sen per share under the Single-Tier Dividend System in respect of the financial year ending 31 December 2015 to be payable on 30 April 2015 to Depositors Registered in the Records of Depositors at the closure of business on 17 April 2015.

Comparing it with Takaful 2011 the stock price was 1.3 now 12.5. The only different was Takaful was anchor with BIMB. If MAA can merge or joins with major Bank and cross sell it service and products It stock price would not be below 1.

I am still buying hope it will turn out to be best bargain

Check the edge valuation http://www.theedgemarkets.com/my/AA/dashboard?0=1198&exchange=KLSE.

Further collect at 0.72 to 0.73

Hope so .Have to collect at higer price now

It already break out with volume

OO break out .

Now 0.7 cent also hard to get.

It now more difficult to buy below 0.68

I am collecting more

Break out and take over news ?

Wow this year the meeting with so much people?

Only hold true is the tread is up as most of the counters are up. Even so a few percentage lost .