KUALA LUMPUR: Trading of Axiata Group Bhd(*1*)’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 trade has authorised their request for the suspension of buying and selling of their shares with instant impact from 9 am right now.
The request was made below subparagraph 3.1(c) of Practice Note 2 on Requests for Suspension of the Main Market Listing Requirements of Bursa Securities.
According to earlier stories, the High Court (industrial division) has granted an injunction stopping Celcom Mobile’s 5.25 million shares in Tune Talk Sdn Bhd from being included within the sale of Celcom Axiata to Digi.Com Bhd, below the proposed merger of the 2 telecommunication corporations’ companies.
The injunction was sought by three shareholders of the cell digital community operator (MVNO), specifically Padda Gurtaj Singh, East Pacific Capital Pte Ltd and Tune Strategic Investments Ltd in September final yr.
The three plaintiffs collectively personal 30.02 per cent of Tune Talk, and have utilized for Axiata Group to be prohibited from together with its 5.25 million Tune Talk shares (representing a 35 per cent stake within the MVNO) within the proposed merger with Digi.Com.
Axiata and Digi’s shares have been final traded at RM3.79 and RM3.90, respectively. – Bernama
