Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
| Type | Announcement |
| Subject | OTHERS |
| Description |
MEDIA STATEMENT IN RELATION TO BLOOMBERG NEWSWIRES ARTICLE ENTITLED 'AXIATA SAID TO SEEK BUYERS FOR $700 MILLION OF OVERSEAS HOLDINGS' |
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MEDIA STATEMENT Kuala Lumpur, 13 September 2016 – In reference to the article on Bloomberg newswires, 'Axiata Said to Seek Buyers for $700 Million of Overseas Holdings’ dated 13 September 2016, Axiata Group Berhad and its Group of Companies wishes to clarify that it continuously reviews various strategic options to enhance shareholders’ value. In this regard, since the middle of last year, Axiata has been exploring options to further optimise its balance sheet and group structure, potentially including, but not limited to, the portfolio rebalancing and review of shareholding across subsidiaries. In the event any such transactions are entered into, Axiata will make all necessary disclosures at the appropriate time. Until such time, any such reports are speculative. |
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| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 13 Sep 2016 |
| Category | General Announcement for PLC |
| Reference Number | GA1-13092016-00079 |
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