Axiata strives to raise our shareholder value by striking a balance between short-term profitability and long-term growth.
Pengurusan Danaharta Nasional Berhad and 2 others vs Tan Sri Dato' Tajudin Ramli ("TSDTR") (by Original Claim), TSDTR Vs Celcom (Malaysia) Berhad ("Celcom"), Technology Resources Industries Berhad ("TRI") And 36 Others (by Counterclaim
AXIATA GROUP BERHAD (FORMERLY KNOWN AS TM INTERNATIONAL BERHAD) (“AXIATA”) PENGURUSAN DANAHARTA NASIONAL BERHAD AND 2 OTHERS VS TAN SRI DATO’ TAJUDIN RAMLI (“TSDTR”) (BY ORIGINAL CLAIM), TSDTR VS CELCOM (MALAYSIA) BERHAD (“CELCOM”), TECHNOLOGY RESOURCES INDUSTRIES BERHAD (“TRI”) AND 36 OTHERS (BY COUNTERCLAIM
Axiata refers to the announcement dated 12 November 2009 and wishes to announce that TSDTR had on 4 December 2009 filed an appeal to the Court of Appeal against the following High Court’s decision:-
i. allowing TRI and Celcom’s appeal against the decision of the Senior Assistant Registrar (“SAR”) in dismissing TRI and Celcom’s application to strike-out the amended counterclaim of TSDTR (“TSTDR’s Amended Counterclaim”),and
ii. allowing TRI and Celcom’s appeal against the decision of the SAR in allowing the re-amendment of TSDTR’s Amended Counterclaim for TSDTR to join 11 present or former directors and officers of TRI and Celcom as defendants in this matter.
Axiata will make a further announcement on any material development on this matter from time to time.