Stock Exchange Filings
Transactions (Chapter 10 Of Listing Requirements) : Non Related Party Transactions
|Subject||TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
PROPOSED PRIVATE PLACEMENT OF EDOTCO SHARES OF UP TO USD100.0 MILLION TO KUMPULAN WANG PERSARAAN (DIPERBADANKAN) ("KWAP")
(Unless otherwise stated, the exchange rate of United States Dollar (“USD”) 1.00: Ringgit Malaysia (“RM”) 4.4095 being the middle rate prevailing as at 9.00 a.m. on 18 April 2017 as published by Bank Negara Malaysia, has been applied in this announcement for illustration purposes)
We refer to our announcements on the above dated 18 January 2017 and 27 January 2017.
We are pleased to announce that edotco Group Sdn Bhd (“edotco”) had today entered into a Share Subscription Agreement with Kumpulan Wang Persaraan (Diperbadankan) (“KWAP”) for the subscription by KWAP of 136,634,813 ordinary Shares in edotco (“edotco Shares”) at a cash consideration of USD100.00 million (equivalent to RM440.95 million).
The selection of KWAP was made based on the same process and valuation of the earlier private placements to Innovation Network Corporation of Japan (“INCJ”) and Mount Bintang Sdn Bhd, a wholly owned subsidiary of Khazanah Nasional Berhad, completed on 27 January 2017.
On the date of closing of this transaction which is expected to take place by end of April 2017, taking into consideration the subscription by KWAP of edotco Shares above, Axiata will remain as the majority shareholder holding 62.4% of the issued shares of edotco with INCJ, Khazanah and KWAP collectively holding 37.6%.
This announcement is dated 18 April 2017.
Please refer attachment below.
|Company Name||AXIATA GROUP BERHAD|
|Date Announced||18 Apr 2017|
|Category||General Announcement for PLC|
- Media_Release-edotco_Private_Placement_(18_April_2017).pdf (Size: 243,485 bytes)