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Introduction
Telekom Malaysia Berhad (“TM”) wishes to announce that its wholly-owned subsidiary, Telekom Infotech Sdn Bhd (Company No. 356751-V) (“TM Infotech”), has commenced members' voluntary winding-up on 14 November 2005 (the "Winding-up") pursuant to Section 254(1)(b) of the Companies Act, 1965. Pursuant thereto, Encik Mohd Afrizan bin Husain and Encik Khairul Azahar bin Ariffin of Messrs Afrizan Tarmili Khairul Azhar, 10th Floor Bangunan Yayasan Selangor, 74 Jalan Raja Muda Abdul Aziz, 50300 Kuala Lumpur were appointed as the Liquidators.
Information on TM Infotech TM Infotech was incorporated in Malaysia on 24 August 1995. Its authorised capital is RM50.0 million comprising 50,000,000 ordinary shares of RM1.00 each, out of which 500,000 ordinary shares of RM1.00 each was fully paid-up. TM Infotech was incorporated as an investment holding company principally in the areas of telecommunications, multimedia, interactive media, information technology and/or multimedia based activities. TM Infotech was inactive since May 1999. Rationale for the Winding-up The Winding-up exercise of TM Infotech is part of the rationalisation and streamlining exercise of TM Group. Financial Effects of the Winding-up The Winding-up of TM Infotech will not have any material effect on TM Group. Directors' and Substantial Shareholders' Interest None of the Directors and Substantial Shareholders of TM or persons connected with them has any interest, direct or indirect, in the Winding-up of TM Infotech. Directors' Opinion on the Winding-up The Directors of TM are of the opinion that the Winding-up is in the best interest of TM.