It looks like the Digi and Celcom merger is getting close to completion after the Securities Commission Malaysia’s approval of the proposed merger between the two local telco giants. This announcement comes after almost 2 months after the Malaysian Communications and Multimedia Commission also gave its approval for the merger.
Furthermore, the enlarged issued shares allocated to Malaysians would increase to 59.9 per cent from 40.4 per cent as it was on 31 December 2021 after the proposed merger. Meanwhile, the allocation for foreigners will drop from 59.6 per cent to 40.1 per cent post-merger. In a statement yesterday, Digi said that “Axiata, the holding company of Celcom, is a non-Bumiputera body corporate. Non-Bumiputera direct interest in Digi post-merger is calculated based on the total number of shares held as at 31 December 2021 and the 3.88 billion fully paid-up new Digi shares to be issued to Axiata,”. On the foreigners’ direct interest post-merger, Digi said its holding company Telenor Asia Pte Ltd is a 100 per cent foreign-owned body corporate.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: malaymail - 🏆 1. / 86 Read more »
Source: malaymail - 🏆 1. / 86 Read more »