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Members' Voluntary Winding-Up Of Wholly-Owned Subsidiaries

29 December 2003

Type

 Announcement
Subject MEMBERS’ VOLUNTARY WINDING-UP OF WHOLLY-OWNED SUBSIDIARIES

Contents :

Telekom Malaysia Berhad (“TM”) wishes to announce that two (2) of its wholly-owned subsidiaries held via Celcom (Malaysia) Berhad namely, CT Communication Sdn Bhd (Company No. 162433-D) (“CT Comm”) and Firent Management Services Sdn Bhd (Company No. 117147-K) (“Firent”), had commenced members' voluntary winding-up on 5 December 2003 (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 for CT Comm and Firent on the same day.


Information on CT Comm

CT Comm was incorporated in Malaysia on 6 July 1987. Its present authorised and issued and paid-up capital are RM25,000 comprising 25,000 ordinary shares of RM1.00 each and RM10,000 comprising 10,000 ordinary shares of RM1.00 each respectively. The principal activities of CT Comm were the provision of two-way communication services and the sale of telecommunication equipment. CT Comm has been inactive since 2000.

Information on Firent

Firent was incorporated in Malaysia on 28 March 1984. Its present authorised and issued and paid-up capital are RM25,000 comprising 25,000 ordinary shares of RM1.00 each and RM4 comprising 4 ordinary shares of RM1.00 each respectively. The intended principal activity of Firent was to provide management services. Firent has been inactive since 1990.

Rationale for the Winding-up

The Winding-up exercise of these companies is part of the rationalisation and streamlining exercise of the TM Group.

Financial Effects of the Winding-up

The Winding-up of CT Comm and Firent 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.

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.

Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TELEKOM
Date Announced 29 Dec 2003
Category General Announcement
Reference No TM-031222-51676