Investors

Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.

TM International Berhad ("TMI")
(i) Proposed Increase in TMI's Authorised Share Capital and Corresponding Amendments to TMI's Memorandum and Articles of Association;
(ii) Proposed Renounceable Rights Issue of New Ordinary Shares of RM1.00 Each In TMI ("TMI Shares") to Raise Gross Proceeds Of Approximately RM5,250 Million ("Proposed Rights Issue"); And
(iii) Proposed Exemption For Khazanah Nasional Berhad ("Khazanah") From the Obligation To Carry Out A Mandatory Take-over Offer On the Remaining TMI Shares Not Held By Khazanah After The Proposed Rights Issue ("Proposed Exemption")

Back 26 Mar 2009
General Announcement
Reference No MM-090326-58444

Submitting Merchant Bank
:
 CIMB INVESTMENT BANK BERHAD 
Company Name
:
 TM INTERNATIONAL BERHAD 
Stock Name
:
 TMI
Date Announced
:
 26/03/2009


Type
:
 Announcement
Subject
:
TM INTERNATIONAL BERHAD ("TMI")

(I) PROPOSED INCREASE IN TMI'S AUTHORISED SHARE CAPITAL AND CORRESPONDING AMENDMENTS TO TMI'S MEMORANDUM AND ARTICLES OF ASSOCIATION;

(II) PROPOSED RENOUNCEABLE RIGHTS ISSUE OF NEW ORDINARY SHARES OF RM1.00 EACH IN TMI ("TMI SHARES") TO RAISE GROSS PROCEEDS OF APPROXIMATELY RM5,250 MILLION ("PROPOSED RIGHTS ISSUE"); AND

(III) PROPOSED EXEMPTION FOR KHAZANAH NASIONAL BERHAD ("KHAZANAH") FROM THE OBLIGATION TO CARRY OUT A MANDATORY TAKE-OVER OFFER ON THE REMAINING TMI SHARES NOT HELD BY KHAZANAH AFTER THE PROPOSED RIGHTS ISSUE ("PROPOSED EXEMPTION")

Contents
:
-

Announcement Details :


We refer to the announcements dated 26 February 2009, 27 February 2009, 3 March 2009 and 24 March 2009 in relation to, amongst others, the Proposed Exemption. 

On behalf of TMI's Board of Directors, CIMB Investment Bank Berhad is pleased to announce that the Securities Commission ("SC") had, through its letter dated 26 March 2009, approved the Proposed Exemption.

The SC's approval is subject to Khazanah disclosing to the SC all dealings in securities of TMI by Khazanah in the 12-month period from the date of granting of the SC's approval for the Proposed Exemption.

This announcement is dated 26 March 2009.

These materials are not an offer of securities for sale in or into the United States of America ("U.S."), Canada or Japan. The securities may not be offered or sold in the U.S. or to, or for the account or benefit of, U.S. persons (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended) unless they are registered or exempt from registration. There will be no public offer of securities in the U.S..