PROPOSED SUBSCRIPTION OF SHARES IN MEKONG TOWER COMPANY LIMITED
We are pleased to announce that edotco Investments (Labuan) Limited (“edotco Labuan”), a wholly owned subsidiary of edotco Group Sdn Bhd, which in turn is a 63.0% subsidiary of Axiata Group Berhad, had on 29 January 2019 entered into a Share Subscription Agreement with Mr. Viphet Sihachakr and Mekong Tower Company Limited (“MTCL”) for the subscription by edotco Labuan of 25,600 ordinary shares of LAK500,000 each representing 80.0% of the enlarged issued and paid-up share capital of MTCL for a total cash consideration of LAK12,800,000,000 (equivalent to RM6,080,000) (“Proposed Subscription”).
Please refer to the attachment for the full announcement in relation to the Proposed Subscription.
This announcement is dated 29 January 2019.
Please refer attachment below.
|Company Name||AXIATA GROUP BERHAD|
|Date Announced||29 Jan 2019|
|Category||General Announcement for PLC|