The Employees Provident Fund has announced on its website that it voted against the proposed acquisition of a 66.03% stake in Indonesian cable and internet provider PT Link Net Tbk by Axiata Group Bhd.
PETALING JAYA: Axiata Group Bhd has received the green light from 58% of its shareholders for the proposed acquisition of a 66% stake in Indonesia’s PT Link Net Tbk for 8.72 trillion rupiah (RM2.6bil).
KUALA LUMPUR (April 18): Axiata Group Bhd has been granted approval under Bank Negara Malaysia's Foreign Exchange Notices (consolidated) to pay Axiata Investments (Indonesia) Sdn Bhd's (AII) portion of the purchase and mandatory tender offer (MTO) considerations pursuant to the acquisition of PT Link Net Tbk (Link Net) proposals.