AXIATA GROUP BERHAD (FORMERLY KNOWN AS TM INTERNATIONAL BERHAD) (“AXIATA”) - INCORPORATION OF A NEW WHOLLY-OWNED SUBSIDIARY
We wish to inform that Axiata has incorporated a new wholly-owned subsidiary known as Axiata SPV1 (Labuan) Limited (“Axiata SPV1”).
Axiata SPV1 was incorporated in the Federal Territory of Labuan, Malaysia under the Offshore Companies Act, 1990 on 1 December 2009 as a limited liability company. The nature of business is currently described as offshore non-trading. The authorised share capital of Axiata SPV1 is USD13,000.00 divided into 13,000 ordinary shares of USD1.00 each of which USD1.00 has been paid-up.
The incorporation of Axiata SPV1 is not expected to have any material effect on the earnings and Net Tangible Assets of Axiata for financial year ending 31 December 2009.
None of the Directors, major shareholders and/or persons connected to them has any direct or indirect interest in the incorporation of Axiata SPV1.