KUALA LUMPUR – Axiata Group Bhd shares on Bursa Malaysia were up in the early session today, driven by positive developments in its proposed merger with Digi.com Bhd that is slated to be signed by month-end.
As at 9.39am, the counter rose 4 sen to RM3.96 with 440,000 shares changing hands.
Yesterday, it was reported that president and group CEO Datuk Izzaddin Idris said both Axiata and Norway’s Telenor Group have completed the due diligence required by both sides.
“We are in the midst of finalising the definitive agreement, and we hope to be able to sign the deal shortly. It could be a matter of days or a week, depending on the resolution of some issues.
“In the announcement we made on April 8, we said the merger talks will be concluded by the end of the second quarter this year, so we still have about 15 days to deliver the result,” he told a virtual press conference after Axiata’s annual general meeting yesterday. – Bernama, June 16, 2021
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