THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action you should take, you should consult your.
THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt as to the course of action you should take, you should consult your.
KUALA LUMPUR: Kumpulan Wang Persaraan (KWAP) disposed of 4.81 million shares of Time dotCom Bhd on Dec 29 and 30 in the open market when the share price rallied following fresh corporate developments including its tie-up with DiGi.com Bhd and Astro. A filing with Bursa Malaysia showed KWAP sold two million Time dotCom shares on Dec 29, 2010 and 2.81 million shares the next day. The share price closed at 75.5 sen amd 77 sen. The disposals reduced KWAP’s shareholding to 7.62% or 192.83 million shares. In December, DiGi.com Bhd had entered into a wavelength purchase agreement and maintenance and support agreement from Time dotCom's unit TT dotCom Sdn Bhd for RM139 million over 10 years. TT dotCom Sdn Bhd had entered into principal terms of collaboration with MEASAT Broadcast Network Systems Sdn Bhd (Astro) for the provision of IPTV and Broadband services across the Klang Valley and Penang.
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