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Back 20 Jun 2017
Type Announcement
Subject OTHERS
Description

PROPOSED ACQUISITION OF TANZANITE TOWER PRIVATE LIMITED

We are pleased to announce that Edotco Pakistan (Private) Limited has on 20 June 2017 entered into an Agreement for the Subscription, Sale and Purchase of Shares with Tower Share (Private) Limited (“TS PK”) and Tanzanite Tower Private Limited (“TTPL”) for the subscription of 899,900 ordinary shares of Rs.10 each in TTPL and acquisition from TS PK of the entire issued share capital of TTPL for a total cash consideration of USD90.0 million (equivalent to approximately RM385.4 million) (“Proposed Acquisition of TTPL”).

 

Please refer to the attachment for the full announcement in relation to the Proposed Acquisition of TTPL. Also attached is the media release in relation to the Proposed Acquisition of TTPL.

 

This announcement is dated 20 June 2017.

 

 


Announcement Info

Company Name AXIATA GROUP BERHAD
Stock Name AXIATA
Date Announced 20 Jun 2017
Category General Announcement for PLC
Reference Number GA1-20062017-00054

Attachments

  1. Bursa_Announcement-Proposed_Acquisition_of_TTPL_(200617-final).pdf (Size: 265,204 bytes)
  2. Press_Release_Tanzanite_FINAL_200617.pdf (Size: 243,829 bytes)