Equity Conditions Imposed By The Foreign Investment Committee("FIC") In Relation To The Voluntary Partial Take-over Offer Undertaken By Telenor Asia Pte Ltd ("Telenor") On Digi As Announced On 21 June 2001 ("VPO")

Back Dec 01, 2006
Type Announcement
Subject
DIGI.COM BERHAD (“DIGI”)

EQUITY CONDITIONS IMPOSED BY THE FOREIGN INVESTMENT COMMITTEE
(“FIC”) IN RELATION TO THE VOLUNTARY PARTIAL TAKE-OVER OFFER UNDERTAKEN BY TELENOR ASIA PTE LTD (“TELENOR”) ON DIGI AS
ANNOUNCED ON 21 JUNE 2001 (“VPO”)

Contents :

We refer to DIGI’s announcement on 13 July 2001 which stated, amongst others, the FIC’s conditions for its approval on the VPO whereby DIGI is to have at least 30% Bumiputera equity shareholdings and reduce its foreign equity interest to 49%, before 31 December 2006 (“Equity Conditions”).


On behalf of DIGI, CIMB Investment Bank Berhad (formerly known as Commerce International Merchant Bankers Berhad) wishes to announce that the FIC, vide its letter dated 27 November 2006 which was received on 1 December 2006, has approved DIGI’s application for an extension of time to comply with the Equity Conditions to 31 December 2007.

This announcement is dated 1 December 2006.


Announcement Info

Company Name DIGI.COM BERHAD  
Stock Name DIGI    
Date Announced 1 Dec 2006  
Category General Announcement
Reference No MM-061201-65787