Type | Announcement |
Subject | OTHERS |
Description | ACQUISITION OF A WHOLLY OWNED SUBSIDIARY, TULIP MAPLE BERHAD |
Telekom Malaysia Berhad ("TM") wishes to announce that it has, on 2 March 2015, acquired one (1) ordinary share of RM1.00 in Tulip Maple Berhad (“Tulip”) for a total consideration of RM1.00 (hereafter be referred to as the “Acquisition”).
Information on Tulip
Tulip was incorporated on 6 January 2015 under the Companies Act, 1965 (“Act”). The authorised capital of Tulip is RM400,000.00 divided into 400,000 ordinary shares of RM1.00 each, of which RM2.00 has been issued and fully paid-up to TM.
Rationale for the Acquisition Tulip was acquired to facilitate the proposed issuance of offer for subscription or purchase of or invitation to subscribe for or Purchase of Sukuk (“Sukuk”) pursuant to a Proposed Multicurrency Sukuk Programme under the Shariah Principle of Wakala (“Sukuk Programme”).
Financial Impact
The Acquisition is not expected to have any material impact on the consolidated earnings of TM for the financial year ending 31 December 2015. Interest of Directors, Substantial Shareholders None of the Directors, substantial shareholders of the Company and/or persons connected to them has any interest, whether direct or indirect in the Acquisition. This announcement is dated 3 March 2015. |
Company Name | TELEKOM MALAYSIA BERHAD |
Stock Name | TM |
Date Announced | 3 Mar 2015 |
Category | General Announcement |
Reference No | TM-150303-63309 |