| Type | Reply to query |
| Reply to Query Letter by KLSE reference ID | HY-040318-52954 |
| Subject | Article entitled: DIGI surges to 21-month high on takeover talk |
The Company, after due enquiry with its Directors and major shareholders, wishes to inform that it is not aware that Maxis may acquire DiGi at a price ranging from RM5 to RM6 per share. Therefore, the Company is also not aware that Maxis will acquire Telenor’s 61 percent stake in DiGi.
We refer to the above article appearing in New Straits Time, front page, on
Thursday, 18 March 2004, a copy of which is enclosed for your reference.
In particular, we would like to draw your attention to the underlined sentence,
which is reproduced as follows:-
"Maxis may acquire DiGi at a price ranging from RM5 to RM6 per share, which is
a 15 to 38 per cent premium over its closing price."
"Maxis will acquire Telenor's 61 percent stake in DiGi and will undertake a
general offer on the remaining shares by issuing new Maxis shares."
"Australia's Telstra will subsequently acquire these new Maxis shares from DiGi
shareholders, and emerge as a key shareholder of Maxis."
In accordance with the Exchange's Corporate Disclosure Policy, you are
requested to furnish the Exchange with an announcement for public release
confirming or denying the above reported statement after due and diligent
enquiry with all the directors, major shareholders and all such other persons
reasonably familiar with the matters about which the disclosure is to be made
in this respect. In the event you deny the above reported statement, you are
required to set forth facts sufficient to clarify any misleading aspects of the
same. In the event you confirm the above reported statement, you are required
to set forth facts sufficient to support the same.
Please furnish the Exchange with your reply within one (1) market day from the
date hereof.
Yours faithfully
INDERJIT SINGH
Sector Head,
Issues & Listing
Group Regulations
THY
Copy to : Securities Commission (via fax)
| Company Name | DIGI.COM BERHAD |
| Stock Name | DIGI |
| Date Announced | 19 Mar 2004 |
| Category | General Announcement |
| Reference No | DD-040319-32647 |
