An unknown buyer acquired 16.61% stake in CSH Alliance Berhad (KLSE:CSH) from MMAG Holdings Berhad (KLSE:MMAG) for MYR 21.8 million on September 29, 2023. As part of the transaction, MMAG Holdings disposed 229,500,000 ordinary shares of CSH, representing 16.61% equity interest in CSH for a total cash consideration of MYR 21,802,500. Following the above disposals, MMAG does not hold any shares or warrants of CSH and MMAG has ceased as a major shareholder of CSH. The proceeds received from the disposals is intended to be utilised for the working capital of MMAG Group?s existing businesses. The transaction was approved by board of MMAG Holdings.

An unknown buyer completed the acquisition of 16.61% stake in CSH Alliance Berhad (KLSE:CSH) from MMAG Holdings Berhad (KLSE:MMAG) on September 29, 2023.