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Tuesday, September 25, 2012

MAAKL: No tie-up with Listari Marina

PETALING JAYA: MAAKL Mutual Bhd says it has no tie-up with developer Listari Marina (M) Sdn Bhd in a property project or sale of unit trusts.

Referring to the StarBiz article last Friday on Listari Marina’s recent event to publicise a mixed development project in Malacca, MAAKL said a unit trust consultant who had been at the event was never authorised to attend the ceremony on MAAKL’s behalf.

The consultant was not authorised to receive any pledge or mock cheque or to make any commitment for and on behalf of MAAKL, it said in a statement.

It added that it had not received any investment pledge, mock cheque or actual payment from Listari Marina.

“Prospective investors are advised to note that MAAKL is not permitted at law and do not and will not issue any free unit trust.

“All sales of unit trust are and will only be done for valuable consideration, in accordance with our prospectus and the relevant laws and regulations,” it added.

On Friday, StarBiz reported that little-known property developer Listari Marina was building a mixed development at Klebang, Malacca, with a gross development value of RM183mil.

In collaboration with MAAKL, it was reported that Listari Marina would offer purchasers free mutual fund units equal to about 8% to 10% of the property purchase price and also free MAAKL life plus Insurance policy to eligible and qualified purchasers and investors.

By The Star

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