Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
| Type | Announcement |
| Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
| Description | PROPOSED ACQUISITION BY PT XL AXIATA TBK., A SUBSIDIARY OF AXIATA GROUP BERHAD, OF AN EQUITY INTEREST IN PT AXIS TELEKOM INDONESIA |
(Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the announcement dated 26 September 2013 in relation to the Proposed Acquisition.) We refer to the announcements dated 26 September 2013, 2 December 2013, 6 February 2014, 10 March 2014 and 12 March 2014 in relation to the Proposed Acquisition. On behalf of the Board of Axiata, CIMB is pleased to announce that the Proposed Acquisition has been completed on 19 March 2014. Upon the completion of the Proposed Acquisition, Axis eventually will be merged into XL as a single entity. The merger between XL and Axis is expected to be completed in mid April 2014. This announcement is dated 20 March 2014. |
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| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 20 Mar 2014 |
| Category | General Announcement |
| Reference No | MM-140319-66413 |