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Shares of Time dotCom Bhd surged on Monday after it proposed to distribute up to 137.50 million DiGi.com Bhd shares to its shareholders.
PETALING JAYA: Time dotCom Bhd (TDC) has no plans to dispose of the remaining 1.75% stake it holds in DiGi.Com Bhd and will keep it for the time being, according to its chief executive officer, Afzal Abdul Rahim.
PETALING JAYA: Time dotCom Bhd (TdC) saw a sudden rise in activity, with its share price rising 11 sen, despite chief executive officer Afzal Abdul Rahim saying there was nothing unusual going on.
ANALYSTS welcome Khazanah Nasional Bhd's intention to merge Time dotCom Bhd with Jaring, as that would likely to significantly benefit Time dotCom.
Time dotCom Bhd and Jaring Communications Sdn Bhd said they are still locked in discussions over a proposed merger that could change the future of both companies.