Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
| Type | Announcement |
| Subject | OTHERS |
| Description |
PROPOSED SUBSCRIPTION OF SHARES IN MEKONG TOWER COMPANY LIMITED |
|
We are pleased to announce that edotco Investments (Labuan) Limited (“edotco Labuan”), a wholly owned subsidiary of edotco Group Sdn Bhd, which in turn is a 63.0% subsidiary of Axiata Group Berhad, had on 29 January 2019 entered into a Share Subscription Agreement with Mr. Viphet Sihachakr and Mekong Tower Company Limited (“MTCL”) for the subscription by edotco Labuan of 25,600 ordinary shares of LAK500,000 each representing 80.0% of the enlarged issued and paid-up share capital of MTCL for a total cash consideration of LAK12,800,000,000 (equivalent to RM6,080,000) (“Proposed Subscription”). |
|
Please refer to the attachment for the full announcement in relation to the Proposed Subscription.
This announcement is dated 29 January 2019.
Please refer attachment below.
| Company Name | AXIATA GROUP BERHAD |
| Stock Name | AXIATA |
| Date Announced | 29 Jan 2019 |
| Category | General Announcement for PLC |
| Reference Number | GA1-29012019-00042 |
Attachments