KUALA LUMPUR: Buying and selling of Axiata Group Bhd‘s and Digi.com Bhd‘s shares has been suspended, pending an anticipated materials announcement.
In a submitting with Bursa Malaysia, each corporations stated the change has permitted their request for the suspension of buying and selling of their shares with speedy impact from 9 am as we speak.
The request was made beneath subparagraph 3.1(c) of Follow Observe 2 on Requests for Suspension of the Most important Market Itemizing Necessities of Bursa Securities.
In keeping with earlier reviews, the Excessive Court docket (industrial division) has granted an injunction stopping Celcom Cell’s 5.25 million shares in Tune Speak Sdn Bhd from being included within the sale of Celcom Axiata to Digi.Com Bhd, beneath the proposed merger of the 2 telecommunication corporations’ companies.
The injunction was sought by three shareholders of the cellular digital community operator (MVNO), specifically Padda Gurtaj Singh, East Pacific Capital Pte Ltd and Tune Strategic Investments Ltd in September final 12 months.
The three plaintiffs collectively personal 30.02 per cent of Tune Speak, and have utilized for Axiata Group to be prohibited from together with its 5.25 million Tune Speak shares (representing a 35 per cent stake within the MVNO) within the proposed merger with Digi.Com.
Axiata and Digi’s shares had been final traded at RM3.79 and RM3.90, respectively. – Bernama