Proposed Internal Reorganisation Involving The Transfer By TM And Its Selected Wholly-Owned Subsidiaries Of Their Telecommunications Businesses In Malaysia To The Wholly-Owned Subsidiary Of TM, TM Technology Services Sdn Bhd (FORMERLY KNOWN AS WEBE DIGITAL SDN BHD), By Way Of A Scheme Of Arrangement And Amalgamation Pursuant To The Companies Act 2016 ("PROPOSED INTERNAL REORGANISATION")

24 February 2023

Type Announcement
Subject OTHERS
Description

TELEKOM MALAYSIA BERHAD ("TM" OR "COMPANY")

PROPOSED INTERNAL REORGANISATION INVOLVING THE TRANSFER BY TM AND ITS SELECTED WHOLLY-OWNED SUBSIDIARIES OF THEIR TELECOMMUNICATIONS BUSINESSES IN MALAYSIA TO THE WHOLLY-OWNED SUBSIDIARY OF TM, TM TECHNOLOGY SERVICES SDN BHD (FORMERLY KNOWN AS WEBE DIGITAL SDN BHD), BY WAY OF A SCHEME OF ARRANGEMENT AND AMALGAMATION PURSUANT TO THE COMPANIES ACT 2016 ("PROPOSED INTERNAL REORGANISATION")

Reference is made to the Company’s announcements dated 14 December 2022 and 21 February 2023 in relation to the Proposed Internal Reorganisation (“Announcements”). Unless otherwise defined, the definitions used in this announcement shall have the same meaning as previously defined in the Announcements.

On behalf of TM, CIMB Investment Bank Berhad wishes to announce that the Company had, on 24 February 2023, lodged an office copy of the Merger Agreement and the sealed Vesting Order sanctioning the scheme of arrangement and amalgamation between the Transferors and the Transferee under the Act with the Companies Commission of Malaysia.

This announcement is dated 24 February 2023.


Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TM
Date Announced 24 Feb 2023
Category General Announcement for PLC
Reference Number GA1-24022023-00035