Tuesday, April 12, 2011

MAA active, up on insurance biz disposal plan

KUALA LUMPUR: MAA HOLDINGS BHD [] shares rose on Tuesday, April 12 after the company said that it had submitted an application to Bank Negara Malaysia to get its approval to dispose of its insurance unit to Zurich Insurance Company Ltd.

At 9.20am, MAA was up six sen to RM1.42 with 6.61 million shares done.

It said it had submitted the application to the central bank for the approval of the Minister of Finance to enter into an agreement with Zurich.

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