Transactions (chapter 10 of Listing Requirements): Non Related Party Transactions Proposed Investment By Mobikom sdn bhd ("mobikom"), A Wholly-owned Subsidiary Of Telekom Malaysia Berhad ("tm"), In Packet One Networks (malaysia) Sdn Bhd ("p1") ("proposed Investment")

30 September 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 BERHAD (“TM”), IN PACKET ONE NETWORKS (MALAYSIA) SDN BHD (“P1”) (“PROPOSED INVESTMENT”)

We refer to the announcements dated 27 March 2014, 23 May 2014, 31 July 2014, 8 August 2014 and 25 September 2014 in relation to the Proposed Investment (“Announcements”). Unless otherwise stated, the definitions used here shall have the same meanings as set out in the Announcements.

On behalf of the Board of Directors of TM, CIMB Investment Bank Berhad wishes to announce that the Proposed Subscriptions have been completed on 30 September 2014, in accordance with the terms and conditions of the Investment Agreement.

Following completion of the Proposed Subscriptions (“Completion”), Mobikom will hold 55.3% of the enlarged issued share capital of P1, after closing adjustments made pursuant to the P1 Internal Restructuring and determination of the Equity Value of P1 as at 31 May 2014 in accordance with the terms of the Investment Agreement.

Attached is the news release in relation to the Completion.

This announcement is dated 30 September 2014.

Attachments

News release (30 September 2014).pdf
228 KB


Announcement Info

Company Name TELEKOM MALAYSIA BERHAD
Stock Name TM
Date Announced 30 Sept 2014
Category General Announcement
Reference No MM-140930-58032