Minim teams up for expansions in India and Indonesia
Partnerships with D-VoiS and PT Link Net expands Minim's Wi-Fi tech presence in the Asia Pacific region.
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Partnerships with D-VoiS and PT Link Net expands Minim's Wi-Fi tech presence in the Asia Pacific region.
KUALA LUMPUR, Jan 28 — MIDF Amanah Investment Bank Bhd (MIDF Research) has maintained a ‘buy’ recommendation with unchanged target price of RM5.29 for Axiata Group Bhd on the back of a joint proposition to acquire Indonesia’s PT Link Net Tbk shares. The research house said...
KUALA LUMPUR, Jan 27 — Axiata Group Bhd and PT XL Axiata Tbk are jointly acquiring 66.03 per cent equity interest and will carry out a mandatory tender offer (MTO) for the remaining 33.97 per cent of PT Link Net Tbk shares for a total purchase sum of RM3.86 billion for a 100 per cent stake. The...
The proposed acquisition and proposed tender offer will be funded via a combination of internally generated funds and bank borrowings.
Axiata Group Bhd will be acquiring a 66.03% stake in Indonesia’s PT Link Net Tbk for a total cash consideration of 8.72 trillion rupiah (about RM2.55 billion).