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DiGi.COM BERHAD (“DiGi”)

DIGI.COM BERHAD

Type

Announcement
SubjectDiGi.COM BERHAD (“DiGi”)

Contents :

HEADS OF AGREEMENT (“HOA”) IN RELATION TO THE PROPOSED ALLIANCE BETWEEN DiGi, DiGi TELECOMMUNICATIONS SDN BHD (“DiGi TELECOM”), A WHOLLY-OWNED SUBSIDIARY OF DiGi, TIME DOTCOM BERHAD (“TdC”) AND TT DOTCOM SDN BHD (“TDSB”), A WHOLLY-OWNED SUBSIDIARY OF TdC, (COLLECTIVELY THE “PARTIES”) WHICH INVOLVES:

  • THE PROPOSED JOINT BUSINESS PLANNING; AND
  • THE PROPOSED TRANSFER OR ASSIGNMENT OF THE SPECTRUM FROM TdC AND/OR TDSB TO DiGi TELECOM TO BE SETTLED VIA THE ISSUANCE OF 27,500,000 NEW ORDINARY SHARES OF RM0.10 EACH IN DiGi

(COLLECTIVELY REFERRED TO AS THE “PROPOSED ALLIANCE”)

Further to our announcement on 13 November 2007 in relation to the above, CIMB Investment Bank Berhad wishes to announce on behalf of DiGi that TdC has today accepted DiGi’s offer to enter into the Proposed Alliance. Accordingly, the Parties have today entered into the HOA for the Proposed Alliance.

This announcement is dated 14 November 2007.


Announcement Info

Company NameDIGI.COM BERHAD  
Stock Name DIGI    
Date Announced14 Nov 2007  
CategoryGeneral Announcement
Reference NoMM-071114-34673





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