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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

MTAG to venture into property development

MTAG
BURSA
MTAG
Original Source From TheEdge Publish at Fri, 13 Mar 2020, 02:35AM

KUALA LUMPUR (March 13): MTAG Group Bhd is venturing into real estate development with the incorporation of a new subsidiary.

In a Bursa filing today, the group said it had incorporated a new subsidiary named MTAG Land Sdn Bhd (MLSB) yesterday, to undertake property and investment holdings, besides manufacturing industrial products.

The directors of MLSB are Chaw Kam Shiang and Lau Cher Liang.

“The incorporation will not have any material effect on the earnings per share, net assets per share and gearing of the MTAG Group for the financial year ending June 30 2020,” it said.

At the midday break, MTAG shares fell four sen or 12.12% to 29 sen, giving it a market capitalisation of RM194.26 million.

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