Nod for listing of DiGi’s new shares

KUALA LUMPUR: Bursa Malaysia Securities Bhd has approved the listing of and quotation for 3.96 billion new ordinary shares in Digi.com Bhd to be issued pursuant to the proposed merger with Celcom Axiata Bhd.

In a filing with Bursa Malaysia, Digi said it must first fully comply with the relevant provisions under the listing requirements pertaining to the implementation of the proposed merger.

On April last year, Axiata said as part of the merger transaction, the company would receive newly issued shares in Digi, representing 33.1% post-transaction shareholding and cash equalisation amount of around RM2bil, of which RM1.7bil would come from Digi as new debt while the balance of RM300mil will come from Telenor. — Bernama