| Type | Announcement |
| Subject | DiGi.COM BERHAD (“DiGi”) PROPOSED ALLIANCE BETWEEN DiGi, DiGi TELECOMMUNICATIONS SDN BHD (“DiGi TELECOM”), TIME DOTCOM BERHAD AND TT DOTCOM SDN BHD (“TDSB”) (COLLECTIVELY THE “PARTIES”) WHICH INVOLVES THE: - PROPOSED TRANSFER OF THE SPECTRUM ASSIGNMENT NO. SA/01/2006 OVER THE FREQUENCY BANDS OF 1965MHZ-1980MHZ, 2155MHZ-2170MHZ AND 2010MHZ-2015MHZ TO DiGi TELECOM TO BE SATISFIED VIA THE ISSUANCE OF 27,500,000 NEW ORDINARY SHARES OF RM0.10 EACH IN DiGi CREDITED AS FULLY PAID-UP TO TDSB OR ITS NOMINEES (“PROPOSED TRANSFER”); AND - PROPOSED JOINT BUSINESS PLANNING EXERCISE BETWEEN THE PARTIES (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
On behalf of DiGi, CIMB Investment Bank Berhad wishes to announce that the applications relating to the Proposed Transfer (under Section 212 of the Capital Markets and Services Act 2007 and the Guidelines on Acquisition of Interests, Mergers and Take-Overs issued by the Foreign Investment Committee) were submitted to the Securities Commission today.
Further, the application to the Suruhanjaya Komunikasi dan Multimedia Malaysia (“SKMM”) in connection with the Proposed Transfer has been made by TDSB and the SKMM’s decision thereon is pending.
This announcement is dated 25 February 2008.
| Company Name | DIGI.COM BERHAD |
| Stock Name | DIGI |
| Date Announced | 25 Feb 2008 |
| Category | General Announcement |
| Reference No | MM-080225-66748 |
