Axiata, DiGi halt share trade ahead of possible merger announcement
Both Axiata and DiGi asked that trading of their shares be halted from 9am today. — Reuters pic
KUALA LUMPUR, May 6 — Telecommunications providers Axiata and DiGi both requested Bursa Malaysia to suspend trading of their shares this morning pending a merger announcement. According to the two companies’ statements to Bursa Malaysia, they asked that trading of their shares be halted from 9am today.reported that Axiata Group Bhd and Norway’s Telenor, that owns a 49 per cent stake in Digi.Com Bhd, were negotiating a possible merger of their operations in Malaysia, Thailand, Myanmar, Bangladesh and Pakistan.
The business site also said the merger could also include countries where DiGi did not currently have any presence.Axiata is wholly owned by Axiata Group, which counts as its stakeholders Khazanah Nasional Bhd, Permodalan Nasional Bhd, and the Employees Provident Fund.
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