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

Memorandum Of Understanding

Back 30 Aug 2021
Type Announcement
Subject MEMORANDUM OF UNDERSTANDING
Description

STATUS OF MEMORANDUM OF UNDERSTANDING (MOU) BETWEEN AXIATA GROUP BERHAD (AXIATA) AND RHB BANK (RHB)

We refer to the announcement dated 2 June 2021 on the MOU between Axiata and RHB. We wish to announce the following progress since the signing of the MOU:

(a)      Boost Holdings Sdn. Bhd. (“Boost Holdings”), a 75.36% subsidiary of Axiata had on 2 June 2021 entered into a Heads of Agreement (“HOA”) with RHB, setting out the terms of the proposed application to Bank Negara Malaysia (“BNM”) for a digital banking license.  The joint application for the digital bank license by Boost Holdings and RHB was submitted to BNM on 30 June 2021.

 

This announcement is dated 30 August 2021.




Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 30 Aug 2021
Category General Announcement for PLC
Reference Number GA1-30082021-00037