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Back 28 Feb 2019
Type Announcement
Subject OTHERS
Description

INCORPORATION OF COMPANY - SMARTLUY PLC

We wish to inform that Smart Axiata Co., Ltd. (“Smart”), a 72.48% subsidiary of Axiata Group Berhad (“Axiata”), held via Axiata Investments (Cambodia) Limited and Axiata (Cambodia) Holdings Limited had on 8 February 2019 completed the incorporation of ‘SMARTLUY PLC’ (“SmartLuy”) (Company No.00040295), a public limited company, under the laws of the Kingdom of Cambodia. Notification of completion of the incorporation process in accordance with the local laws was received by Axiata on 27 February 2019.

 

The intended principal operating activity of SmartLuy is to conduct business in relation to payment services.

 

SmartLuy was incorporated with a registered capital of KHR8,000,000,000 (equivalent to USD2,000,000) divided into 1,000 shares with the par value of KHR8,000,000 (equivalent to USD2,000) per share.

 

The incorporation of SmartLuy is not expected to have any material effect on the earnings and Net Tangible Assets of Axiata for the financial year ending 31 December 2019.


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 SmartLuy.

 

This announcement is dated 28 February 2019.

 

 


Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 28 Feb 2019
Category General Announcement for PLC
Reference Number GA1-28022019-00181

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