CelcomDigi, Maxis get notice on DNB stake


CelcomDigi said the put option notice issued on Dec 1 requires CelcomDigi, Maxis and YTL to purchase MoF Inc’s shares in DNB and take over its related loans.

PETALING JAYA: CelcomDigi Bhd and Maxis Bhd say they have received a put option notice from the Minister of Finance Inc (MoF Inc), requiring them, together with YTL Power International Bhd, to purchase MoF Inc’s ordinary shares in Digital Nasional Bhd (DNB) under the terms of the shareholders agreement.

In a filing with Bursa Malaysia, CelcomDigi said the put option notice issued on Dec 1 requires CelcomDigi, Maxis and YTL to purchase MoF Inc’s shares in DNB and take over its related loans, including accrued interest and the additional shareholder advance.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

PETRONAS seals LNG supply deal with CNOOC
SIB disposes of Seremban land for RM25mil
Utility contracts set to drive Steel Hawk earnings
Nexgram focuses on core operations
Perak Transit eyes growth from terminal expansion
Borneo Oil’s associate seeks Nasdaq listing
Nam Cheong nets US$20.5mil in vessel sale
Trive Property to bank on its rental income
Fruit and vegetable exports rebound
Consumer sector posts ESG compliance gains

Others Also Read