Announcement Details/Table Section :
We, CIMB Investment Bank Berhad (“CIMB”) refer to the announcement dated 22 February 2010 where we announced that the SC had granted an extension of time of 2 years (i.e. up to 29 January 2012) for Axiata Group Berhad (“Axiata”) to obtain the necessary approvals for the remaining 111 Outdoor Structures (as at 17 February 2010) which was one of the SC’s conditions for approving, amongst others, the proposed listing of Axiata on the Main Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).
As at 19 December 2011, the status of the applications for Outdoor Structures (which are subject to the SC’s condition above) are as follows:
(i) 22 Outdoor Structures are pending approval from local authorities; and
(ii) applications for 27 Outdoor Structures have been declined, and the Celcom Group is in the midst of appealing to the relevant local authorities with respect to such applications.
On behalf of Axiata, we wish to announce that the SC had, through its letter dated 25 January 2012, granted a further extension of time of 2 years (i.e. up to 29 January 2014) for Axiata to obtain the necessary approvals for the said Outdoor Structures.
As part of the extension of time, the relevant conditions in relation to disclosures and reporting will continue to be met, namely:
(i) Axiata to make quarterly announcements on the status of application on the Outdoor Structures to Bursa Securities until such approvals are obtained; and
(ii) CIMB/Axiata to update the SC on the status of the application on the Outdoor Structures every 6 months until such approvals are obtained.
This announcement is dated 30 January 2012.