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Back 17 Mar 2017
Type Announcement
Subject OTHERS
Description

ARTICLE PUBLISHED ON BLOOMBERG NEWS ON 17 MARCH 2017 ENTITLED "M1'S SHAREHOLDERS SAID TO EXPLORE SALE OF SINGAPOREAN OPERATOR"

Axiata Group Berhad (“Company”) refers to the article published on Bloomberg News on 17 March 2017 entitled “M1’s Shareholders Said to Explore Sale of Singaporean Operator”.

The Company, Singapore Press Holdings Limited and Keppel Telecommunications & Transportation Ltd are currently undertaking a strategic review in respect of their respective shareholdings in M1 Limited which may or may not lead to a transaction. The Company, Singapore Press Holdings Limited and Keppel Telecommunications & Transportation Ltd have jointly appointed Morgan Stanley Asia (Singapore) Pte. as their financial adviser to assist with the strategic review. There is no assurance that any transaction will materialise from such strategic review or that any definitive or binding agreement will be reached. If and when there are any material developments which warrant disclosure, the Company will, in compliance with applicable rules, make further announcements as appropriate.

Shareholders are advised to exercise caution when dealing in the shares of the Company and to refrain from taking any action in respect of their investments which may be prejudicial to their interests. In the event that shareholders wish to deal in the shares of the Company, they should seek their own professional advice and consult with their own stockbrokers.

This announcement is dated 17 March 2017. 





Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 17 Mar 2017
Category General Announcement for PLC
Reference Number GA1-17032017-00076

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Axiata Group Berhad (242188-H)Level 5, Corporate Headquarters, Axiata Tower, 9 Jalan Stesen Sentral 5, Kuala Lumpur Sentral, 50470 Kuala Lumpur