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Back 11 Jul 2018
Type Announcement
Subject OTHERS
Description

INCORPORATION OF COMPANY - AXIATA DIGITAL LABS (PRIVATE) LIMITED

We wish to inform that Axiata Investments (Labuan) Limited, a wholly-owned subsidiary of Axiata Group Berhad (“Axiata”), had on 10 July 2018 completed the incorporation of AXIATA DIGITAL LABS (PRIVATE) LIMITED (“ADL”) (Company No. PV00201847), a private company limited by shares, in Sri Lanka, under the Companies Act, No. 7 of 2007 of Sri Lanka.

 

ADL was incorporated with a stated capital of LKR10 comprising of 1 ordinary share of LKR10 each. The principal activity of ADL is to function as Software Development and IT Enabled Services venture of Axiata Group.

 

The incorporation of ADL is not expected to have any material effect on the earning and Net Tangible Assets of Axiata for financial year ending 31 December 2018.


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 ADL.

 

This announcement is dated 11 July 2018.





Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 11 Jul 2018
Category General Announcement for PLC
Reference Number GA1-11072018-00107

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