Axiata strives to raise our shareholder value by striking a balance between short-term profitability and long-term growth.
KUALA LUMPUR HIGH COURT SUIT NO. S6-23-74-2005 MCAT GEN SDN BHD ("MCAT") vs CELCOM (MALAYSIA) BERHAD "CELCOM")("1ST SUIT") KUALA LUMPUR HIGH COURT SUIT NO. D4-22-1682-2005 MCAT vs CELCOM ("2ND SUIT") KUALA LUMPUR HIGH COURT SUIT NO. S4-23-77-2005 TAN SRI ABDUL RASHID ABDUL MANAF & 4 OTHERS ("MCAT'S DIRECTORS") vs CELCOM ("3RD SUIT")
AXIATA GROUP BERHAD (“AXIATA”) KUALA LUMPUR HIGH COURT SUIT NO. S6-23-74-2005 MCAT GEN SDN BHD (“MCAT”) vs CELCOM (MALAYSIA) BERHAD “CELCOM”)(“1ST SUIT”) KUALA LUMPUR HIGH COURT SUIT NO. D4-22-1682-2005 MCAT vs CELCOM (“2ND SUIT”) KUALA LUMPUR HIGH COURT SUIT NO. S4-23-77-2005 TAN SRI ABDUL RASHID ABDUL MANAF & 4 OTHERS (“MCAT’S DIRECTORS”) vs CELCOM (“3RD SUIT”)
(HEREINAFTER COLLECTIVELY REFERRED TO AS “SUITS”)
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Axiata refers to the above and wishes to announce that MCAT and MCAT’s Directors have today filed their respective notices of discontinuance in respect of the Suits with no order as to costs and without liberty to file afresh.
With the filing of the said notices of discontinuance, the Suits are hereby deemed closed.