Investors

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

Others

Back 06 Jun 2017
Type Announcement
Subject OTHERS
Description

INCORPORATION OF COMPANY - XPAND INVESTMENTS (LABUAN) LIMITED

We wish to inform that Axiata Business Services Sdn Bhd (“ABS”), a wholly-owned subsidiary of Axiata Group Berhad (“Axiata”) had on 6 June 2017 completed the incorporation of XPAND INVESTMENTS (LABUAN) LIMITED (“Xpand Labuan”) (Company No. LL13757), a private company limited by shares, in the Federal Territory of Labuan, Malaysia under the Labuan Companies Act, 1990.

Xpand Labuan was incorporated with an issued and paid-up share capital of USD2.00. The intended principal activity of Xpand Labuan is an investment holding company.

The incorporation of Xpand Labuan is not expected to have any material effect on the earning and Net Tangible Assets of Axiata for financial year ending 31 December 2017.

None of the Directors and/or major shareholders of Axiata and/or persons connected to them have any direct or indirect interest in the incorporation of Xpand Labuan.

 

This announcement is dated 6 June 2017.

 


Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 06 Jun 2017
Category General Announcement for PLC
Reference Number GA1-06062017-00028