KUALA LUMPUR, Sept 15 — The Securities Commission Malaysia (SC) has approved the proposed merger between Digi.Com Bhd and Celcom Axiata Bhd (Celcom) under certain terms and...
KUALA LUMPUR, Sept 15 — The Securities Commission Malaysia has approved the proposed merger between Digi.Com Bhd and Celcom Axiata Bhd under certain terms and conditions, Digi and Axiata Group Bhd said.
Meanwhile, in their respective filings with the exchange today, both telcos said the SC has also approved the Bumiputera equity structure in Digi following the proposed exercise. Of the 59.9 per cent of the enlarged issued for Malaysians, 47.4 per cent would be allocated to non-Bumiputera versus the 21.6 per cent before the merger, while the Bumiputera allocation would be 12.5 per cent, down from 18.8 per cent.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Celcom starts 5G user trials offering free unlimited data and 5G roaming optionCelcom has begun testing for their 5G network with what the telco is calling a Friendly User Trial (FUT), which will give selected customers access to 5G at various areas throughout Malaysia.
Read more »
Najib’s 1MDB trial postponed as he is sent back to hospitalKUALA LUMPUR: The 1Malaysia Development Bhd (1MDB) trial involving Datuk Seri Najib Razak has been postponed to today as the former prime minister was still in the hospital.
Read more »
Seni Jaya appoints Ong Kah Hoe as executive directorKUALA LUMPUR: Seni Jaya Corp Bhd has appointed Ong Kah Hoe (Billy Ong) as an executive director effective Sept 13.
Read more »
Now Penang Strips Off Najib’s Title | TRPNajib’s guilty verdict and his incarceration for misappropriating RM42 million SRC International Sdn. Bhd. was the reason behind the decision.
Read more »