Axiata Group Berhad via its wholly-owned subsidiary, Axiata Investments Singapore Limited has accepted the voluntary conditional general offer by Konnectivity Pte. Ltd, for the Group’s entire stake in M1 Limited for a total cash consideration of approximately RM1.65 billion at the offer premium price of SGD2.06 based on terms stipulated in the Offer documents dated 7 January 2019.
The Group will effectively divest its 28.7 percent stake in M1 and exit its investment in Singapore with an estimated gain of RM126.5 million from this deal.
Maxis Berhad released its results for financial year 2018, delivering stable performance with healthy EBITDA.
Despite challenging market conditions, the year saw Maxis turning in continued strong growth and leadership in postpaid, stabilising prepaid and growth in fibre. Profit After Tax (PAT) was impacted by one-off costs in Q4, associated with the launch of a new strategy to become a converged communications and digital services company in both the fixed and mobile markets.
Kerjaya Prospek Group Berhad’s wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd accepted a letter of award worth RM280 million from HCK Builders Sdn Bhd, a subsidiary of HCK Capital Group Berhad.
The letter of award was for undertaking the main building works for a proposed project located at Lot 74746, Persiaran Subang Permai, Subang Jaya, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan.