Maika Holdings looking for its shareholders to help them cash out

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Investment company Maika Holdings Bhd is conducting a voluntary verification exercise for its outstanding shareholders from Sept 28 to Oct 15.It is trying to get in touch with the remaining three percent of shareholders who failed to surrender their shares when G Team Resources acquired 97 percent of Maika.A source familiar with the case told Malaysiakini that only 60 individuals had stepped up for the verification exercise so far.This is despite the nature of the exercise, the source said, which was described as an "open offer" to help Maika shareholders redeem their shares.Following the verification process, the money from the takeover by G Team Resources will be parked under the Amanah Rakyat fund.Based on a civil suit filed in 2019, it is believed that the investment company has 66,400 shareholders.Malaysiakini understands Maika paused its liquidation process las…