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Expiry of the Securities Commission's Approval For the Proposed Issuance of Up To 10% of The Issued And Paid-up Share Capital Of Axiata ("Proposed Issuance")

Back 10 Aug 2009
General Announcement
Reference No MM-090810-54686

 

Submitting Merchant Bank
:
 CIMB INVESTMENT BANK BERHAD  
Company Name
:
 AXIATA GROUP BERHAD  
Stock Name
:
 AXIATA  
Date Announced
:
 10/08/2009  


Type
:
 Announcement
Subject
:
AXIATA GROUP BERHAD (FORMERLY KNOWN AS TM INTERNATIONAL BERHAD) (“AXIATA”)

EXPIRY OF THE SECURITIES COMMISSION’S APPROVAL FOR THE PROPOSED ISSUANCE OF UP TO 10% OF THE ISSUED AND PAID-UP SHARE CAPITAL OF AXIATA (“PROPOSED ISSUANCE”)

Contents
:
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Announcement Details :


 

We refer to our announcement dated 22 January 2009 in relation to the application to the Securities Commission (“SC”) for a further extension of time for Axiata to implement the Proposed Issuance (“Extension of Time”).  

 

On behalf of Axiata's Board of Directors, we wish to announce that the Extension of Time has lapsed and as such, the approval by the SC for the Proposed Issuance is no longer in force. We also wish to highlight that in view of the amendments to the Capital Markets and Services Act 2007 effective 3 August 2009, the approval of the SC is no longer required for equity offering exercises such as the Proposed Issuance.  

 
This announcement is dated 10 August 2009

 
This announcement is dated 10 August 2009