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

Back 18 Jan 2017
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 refer to our announcement on the above dated 13 December 2016.

We are pleased to announce that edotco Group Sdn Bhd (“edotco”), a wholly owned subsidiary of Axiata Group Berhad (“Axiata”) and Axiata had today entered into the following agreements:-

  • Share Subscription Agreement between edotco and Innovation Network Corporation of Japan (“INCJ”) on the subscription by INCJ of up to 546,539,249 ordinary Shares of RM1.00 each in edotco (“edotco Shares”) at a cash consideration of up to USD400.00 million (equivalent to RM1,778.20 million); and
  • Share Purchase Agreement between Axiata and Mount Bintang Ventures Sdn. Bhd. (“MBVSB”), a wholly owned subsidiary of Khazanah Nasional Berhad for the purchase by MBVSB of 273,269,624 edotco Shares at a purchase consideration of USD200.00 million (equivalent to RM899.10 million).

Please refer to the attachment and media release for full details of the transactions.

This announcement is dated 18 January 2017. 


Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 18 Jan 2017
Category General Announcement for PLC
Reference Number GA1-18012017-00065

 

Please refer attachment below.

Attachments

  1. Bursa_Announcement-edotco_Private_Placement_(18_January_2017).pdf (Size: 515,110 bytes)
  2. Media_Release-edotco_Private_Placement_(18_January_2017).pdf (Size: 547,499 bytes)

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