MMAG

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OTHERS MMAG Holdings Berhad (MMAG or the Company) Clarification on the article in The Starbiz dated 18 September 2020 : New major shareholder emerges in MMAG.

MMAG HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
MMAG Holdings Berhad (MMAG or the Company) Clarification on the article in The Starbiz dated 18 September 2020 : New major shareholder emerges in MMAG.

Reference is made to an article titled " New major shareholder emerges in MMAG" which appeared in The Starbiz on 18 September 2020 ("the Article"). 
The Company would like to clarify that:-

  1. The Company, had on 11 September 2020, announced that it had entered into a Shares Sale Agreement with BrilliantID Sdn Bhd for the acquisition of the entire equity interest in Maasdots Sdn. Bhd comprising 2,500 ordinary shares  in Maasdots Sdn. Bhd for a total cash consideration of RM100,000.
  2. Maasdots Sdn. Bhd is mainly focused in management, integration and implementation of an end-to-end health screening system namely Travellers Advanced Health Screening System (“TAHSS”). It holds the rights to market, promote, sell and/or use TAHSS. This system is ready to be integrated with local health, travel and immigration authorities and is use for the screening of inbound and outbound visitors to the country (which includes screening for Covid-19). The TAHSS application allows the government to manage and enforce travel procedures to its country either by air, sea or land. From pre-departure to post-arrival, TAHSS makes international air travel seamless, convenient, safe, easy and fast. Maasdots Sdn. Bhd does not carry out the actual Covid-19 testing itself which will be carried out at designated clinics or hospitals.

This announcement is dated 18 September 2020.






Announcement Info

Company Name MMAG HOLDINGS BERHAD
Stock Name MMAG
Date Announced 18 Sep 2020
Category General Announcement for PLC
Reference Number GA1-18092020-00110