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Back 13 Jul 2017
Type Announcement
Subject OTHERS
Description

INCORPORATION OF COMPANY - ADKNOWLEDGE ASIA PHILIPPINES INC.

We wish to inform that Adknowledge Asia Pacific Pte Ltd (“APAC”), an 80% owned subsidiary of Axiata Digital Advertising Sdn Bhd which in turn is a wholly owned subsidiary of Axiata Group Berhad (“Axiata”) via Axiata Digital Services Sdn Bhd, had on 10 July 2017 incorporated a new subsidiary, Adknowledge Asia Philippines Inc. (“AAP”) (Registration No. CS201722696), a private company limited by shares, in the Republic of the Philippines, under Batas Pambansa Blg. No. 68 otherwise known as the Corporation Code of the Philippines.  The incorporation of AAP was completed following the receipt by APAC on 12 July 2017 of the Certificate of Incorporation from Securities and Exchange Commission, Republic of Philippines.

AAP was incorporated with an authorised share capital of PHP40,000,000.00 divided into 320,000 ordinary shares of PHP125 each. The issued and paid-up share capital of AAP is PHP10,000,000.00 and its intended principal activity is to engage in the business of providing technology and software solutions.

The incorporation of AAP is not expected to have any material effect on the earnings and Net Tangible Assets of Axiata for financial year ending 31 December 2017.

None of the Directors and/or major shareholders of Axiata and/or persons connected to them have any direct or indirect interest in the incorporation of AAP.

This announcement is dated 13 July 2017.

 

 


Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 13 Jul 2017
Category General Announcement for PLC
Reference Number GA1-13072017-00062

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