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Transactions (Chapter 10 of Listing Requirements) : Combination Of Transactions

Back 13 Dec 2016
Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
COMBINATION OF TRANSACTIONS
Description

I. PROPOSED PRIVATE PLACEMENT OF EDOTCO SHARES OF UP TO USD400.0 MILLION TO INNOVATION NETWORK CORPORATION OF JAPAN; AND II. PROPOSED DIVESTMENT OF EDOTCO SHARES EQUIVALENT TO USD200.0 MILLION TO KHAZANAH NASIONAL BERHAD

We are pleased to announce that Axiata Group Berhad (“Axiata”) and its wholly-owned subsidiary, edotco Group Sdn Bhd (“edotco”) had on 13 December 2016 entered into a binding term sheet with the following parties:-

 

i)   Innovation Network Corporation of Japan (“INCJ”) to raise up to USD400.0 million (equivalent to RM1,769.9 million) in a private placement of new ordinary shares with par value of RM1.00 each (“edotco Shares”) to INCJ (“Proposed Private Placement”); and

 

ii)   Khazanah Nasional Berhad (“Khazanah”) for the divestment by Axiata of edotco Shares to Khazanah for a cash consideration of USD200.0 million (equivalent to RM885.0 million) (“Proposed Divestment”), a related party transaction.

 

The Proposed Private Placement and Proposed Divestment are separate transactions and are not inter-conditional.

 

(Both the transactions are referred to collectively as “Proposals”).

 

Please refer to the attachment for the full announcement in relation to the Proposals. Also attached is the media release in relation to the Proposals.

 

This announcement is dated 13 December 2016. 


Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 13 Dec 2016
Category General Announcement for PLC
Reference Number GA1-13122016-00037

 

Please refer attachment below.

Attachments

  1. Media_Release_-_edotco_Private_Placement.pdf (Size: 276,192 bytes)
  2. Bursa_Announcement-edotco_Private_Placement.pdf (Size: 171,946 bytes)

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