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Proposed Merger Of Spice Communications limited And Idea Cellular Limited ("Idea") ("Proposed Merger")

Back 07 Sep 2009
General Announcement
Reference No MM-090907-67805

 

Submitting Merchant Bank
:
CIMB INVESTMENT BANK BERHAD  
Company Name
:
AXIATA GROUP BERHAD  
Stock Name
:
AXIATA  
Date Announced
:
07/09/2009  

 

Type
:
Announcement
Subject
:
AXIATA GROUP BERHAD (FORMERLY KNOWN AS TM INTERNATIONAL BERHAD) (“AXIATA”)

PROPOSED MERGER OF SPICE COMMUNICATIONS LIMITED AND IDEA CELLULAR LIMITED (“IDEA”) (“PROPOSED MERGER”)

Contents
:
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Announcement Details :

We refer to the announcement dated 25 June 2008 and the Circular to Shareholders of Axiata dated 17 July 2008 in relation to, amongst others, the Proposed Merger.

On behalf of Axiata, we are pleased to announce that the equity shareholders, secured creditors and unsecured creditors of Idea had, at the respective court convened meetings held on 4 September 2009, approved the Proposed Merger.

 This announcement is dated 7 September 2009.