Axiata shares up as Telenor merger talks fall through | Malay Mail

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Axiata shares up as Telenor merger talks fall through

The Axiata headquarters building is seen in Kuala Lumpur May 28, 2014. — Reuters pic

As at 4pm, the counter, which has a weighting of 4.84 points on the FTSE Bursa Malaysia KLCI, rose 11 sen to RM4.88 with 1.83 million shares changing hands. However, it said, due to “some complexities” involved in the proposed transaction, the parties had mutually agreed to end the discussions.Meanwhile, DiGi’s shares on Bursa Malaysia were traded slightly lower as at 4pm, declining one sen to RM4.89, with 1.83 million shares transacted.

 

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