| 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: - TRANSFER OF THE SPECTRUM ASSIGNMENT NO. SA/01/2006 OVER THE FREQUENCY BANDS OF 1965MHZ-1980MHZ, 2155MHZ-2170MHZ AND 2010MHZ-2015MHZ TO DiGi TELECOM SATISFIED VIA THE ISSUANCE OF 27,500,000 NEW ORDINARY SHARES OF RM0.10 EACH IN DiGi (“CONSIDERATION SHARES”) CREDITED AS FULLY PAID-UP TO TDSB (“TRANSFER”); AND - PROPOSED JOINT BUSINESS PLANNING EXERCISE BETWEEN THE PARTIES (COLLECTIVELY REFERRED TO AS THE “PROPOSALS”) |
On behalf of DiGi, CIMB Investment Bank Berhad is pleased to announce that, following the listing of and quotation for the Consideration Shares on the Main Board of Bursa Malaysia Securities Berhad with effect from 9.00 a.m. today, the Transfer has been completed.
As a result of the above, DiGi has complied with the 49% foreign equity condition and is exempted from the need to comply with the 30% Bumiputera equity condition, imposed by the Foreign Investment Committee via its letter dated 12 July 2001.
This announcement is dated 12 May 2008.
| Company Name | DIGI.COM BERHAD |
| Stock Name | DIGI |
| Date Announced | 12 May 2008 |
| Category | General Announcement |
| Reference No | MM-080512-42007 |
