| Proposed company name | SUNSURIA BERHAD |
| Remarks : |
| The Board of Directors of Maica (“Board”) wishes to announce that the Company is proposing to change its name from “Malaysia Aica Berhad” to “Sunsuria Berhad” (“Proposed Change of Name”). As at 20 January 2014, the shareholders of Maica have approved the resolution to diversify the businesses of Maica and its subsidiaries to include property development business and on 22 January 2014, the Company has completed the acquisition of a commercial development project and a parcel of development land in Bukit Jelutong for the same purpose. As Maica intends to expand its property development business, the Board has on 22 January 2014, appointed Datuk Ter Leong Yap (“Datuk Ter”) as the Executive Director of Maica to spearhead the property development business of Maica. Maica will be able to utilise the property development expertise and experience of Datuk Ter to enhance and maximise the value of Maica’s land development plans. Datuk Ter has over the years garnered knowledge in property development and has incorporated and nurtured Sunsuria group of companies to become a leading property developer in the Klang Valley under the “Sunsuria” brand name with notable projects which include, amongst others, Trivo, Suria Jelutong, Suria Hillpark, Suria Hills, Sunsuria Avenue and Sunsuria Ampang Sports Complex. Hence, the Proposed Change of Name is to enable the Company to leverage on Sunsuria brand name and to create synergy amongst its brand and property development projects moving forward. Application for the proposed new name “Sunsuria Berhad” was approved by the Companies Commission of Malaysia (“CCM”) on 6 March 2014. The Proposed Change of Name is subject to the approval of the shareholders of the Company at the forthcoming Extraordinary General Meeting to be convened at a date to be announced later. This announcement is dated 7 March 2014 |
| Company Name | MALAYSIA AICA BERHAD |
| Stock Name | MAICA |
| Date Announced | 7 Mar 2014 |
| Category | Proposed Change of Company Name |
| Reference No | CQ-140307-9CC0D |