5

siGnificant GroUp restrUctUrinG, acQUisitions anD Disposals

(continued)

(II)

Acquisitions (continued)

(a) Acquisition of additional interest in PT Excelcomindo Pratama Tbk (XL) (continued)

(ii)

In the previous financial year, the Group through TM International (L) Limited, a wholly owned

subsidiary, entered into an agreement with AIF (Indonesia) Limited (AIF) to purchase 523,532,100

ordinary shares of Indonesian Rupiah 100 each in xL, representing approximately 7.38% of issued and

paid-up share capital of xL from AIF (AIF Purchased Shares) for a cash consideration of uSD113

million. The acquisition of AIF Purchased Shares was completed on 4 June 2007. Consequently, the

Group's effective equity interest in xL increased from 59.64% to 67.02%. The Group's equity interest

in xL reduced to 66.99% following the disposal of 2,050,000 shares of xL through the open market

in December 2007.

2007

RM'000

Purchase consideration

384,066

Carrying value of net assets acquired

(97,814)

Goodwill

286,252

The goodwill on acquisition arising from the above transaction was included in intangible assets.

(b) Acquisition of 49% interest in SunShare

On 6 February 2008, the Company entered into a SPA with Khazanah for the purchase of the remaining of

2 Class A ordinary shares of uSD1 each and 35,965,998 RCPS ordinary shares of uSD0.01 each in SunShare

(then a jointly controlled entity, representing approximately 49% of the issued and paid-up share capital

of SunShare for a purchase consideration of RM155 million to be satisfied through the issuance of 17,292,798

new ordinary shares of RM1 each of the Company. The acquisition was completed on 25 April 2008.

Effectively, SunShare is a wholly owned subsidiary of the Company.

On the date of acquisition, the fair value of the purchase consideration was RM135.8 million reflecting the

market price of the Company's shares issued. Details of the acquisition of net assets, which do not

constitute a business, is disclosed in Note 36(c) to the nancial statements.

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