Axiata unit investing in Cambodian firm Sabay Digital


PETALING JAYA: Axiata Group Bhd’s 82.5%-owned Cambodian unit, Smart Axiata Co Ltd, has entered into an agreement to provide a loan facility of US$1.5mil to Sabay Digital Plus Co Ltd (SDP).

The facility will be convertible to ordinary shares in SDP.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Axiata , Smart , investment

   

Next In Business News

PCG to focus on advancing growth initiatives, strengthening operational performance
HSS Engineers declares 1.21 sen dividend on strong FY23 financial performance
Asian FX gain as dollar droops, stocks track Wall Street higher
I-Bhd announces RM100mil investment pledge from major shareholder
Heineken sells more beer in Q1, sticks to outlook
GFM Services to transfer to Main Market on April 26
MYEG, Zetrix and MaiCapital to explore launch of virtual asset funds
Asian shares jump on tech boost; fragile yen on intervention watch
The business of immersion
MPOB intensifying oil palm industry R&D strategies, says chairman

Others Also Read