Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
| Type | Announcement |
| Subject | OTHERS |
| Description | AXIATA GROUP BERHAD ("AXIATA") - INCORPORATION OF NEW SUBSIDIARY COMPANY |
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We wish to inform that Robi Axiata Limited (“Robi”), a subsidiary of Axiata, had on 1 October 2012 incorporated a new subsidiary, BANGLADESH INFRASTRUCTURE COMPANY LIMITED (“BICL”) (Company No. C-104814/12), a public company limited by shares. The incorporation of BICL was completed following the receipt by Robi on 4 October 2012 of the Certificate of Incorporation from the Registrar of Joint Stock Companies and Firms, Republic of Bangladesh.
BICL, a company duly incorporated under the Companies Act, 1994 of the Republic of Bangladesh has an authorised share capital of Taka (“Tk.”)300000000 (Thirty Crore) represented by 30000000 (Three Crore) ordinary shares of Tk.10 each of which Tk.10000000 (One Crore) has been paid-up. The business objective of BICL is to undertake activities and operations related to telecommunication infrastructure. The incorporation of BICL is not expected to have any material effect on the earnings and Net Tangible Assets of Axiata for financial year ending 31 December 2012. None of the Directors, major shareholders and/or persons connected to them has any direct or indirect interest in the incorporation of BICL. This announcement is dated 5 October 2012. |
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| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 5 Oct 2012 |
| Category | General Announcement |
| Reference No | AG-121002-62656 |