MAA looking at investments in education and manufacturing sectors
20 Jun 2016 / 12:31 H.
KUALA LUMPUR: MAA Group Bhd is assessing opportunities in the education and manufacturing sectors, said CEO and group managing director Datuk Muhamad Umar Swift.
The group will be exiting from the Bank Negara Malaysia regulated financial services sector once the disposal of MAA Takaful Bhd is completed, allowing it to pursue opportunities outside of the tightly regulated financial services sector.
"We're looking for something that provides revenue stream to the group, and is price-correct," he told a press conference after MAA's AGM here this morning.
An EGM will be held next Tuesday to seek shareholders' approval for the MAA Takaful disposal.
MAA expects to exit its PN17 status in 12 to 18 months.