27 March 2014
Type | Announcement |
Subject | TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) NON RELATED PARTY TRANSACTIONS |
Description | PROPOSED INVESTMENT BY MOBIKOM SDN BHD (“MOBIKOM”), A WHOLLY-OWNED SUBSIDIARY OF TELEKOM MALAYSIA (“TM”), IN PACKET ONE NETWORKS (MALAYSIA) SDN BHD (“P1”) (“PROPOSED INVESTMENT”) |
On behalf of the Board of Directors of TM, CIMB Investment Bank Berhad wishes to announce that Mobikom had on 27 March 2014 entered into an investment agreement with the following parties in relation to, amongst others, the proposed subscription by Mobikom of new ordinary shares of RM1.00 each in P1 to hold approximately 57% of the enlarged issued share capital of P1, subject to closing adjustments, for a total consideration of RM350.0 million: (i)Packet One Sdn Bhd, a wholly-owned subsidiary of Green Packet Berhad (“Green Packet”); (ii)SK Telecom Co., Ltd; (iii)Green Packet; (iv)TM; and (v) P1. Please refer to the attachment for the full announcement in relation to the Proposed Investment. Also attached is the news release in relation to the Proposed Investment. This announcement is dated 27 March 2014. |
AttachmentsNews Release (270314).pdf Proposed Investment.pdf |
Company Name | TELEKOM MALAYSIA BERHAD |
Stock Name | TM |
Date Announced | 27 Mar 2014 |
Category | General Announcement |
Reference No | MM-140327-39014 |