Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Reason
Deemed to have an interest over 4,875,000,000 Maxis Shares following our acquisition of 4,875,000,000 Maxis Shares from MCB (our indirect holding company), pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between us and MCB (“SPA”). The SPA was entered into pursuant to an internal corporate restructuring undertaken by Binariang GSM Sdn Bhd (“BGSM”) group of companies, as part of an overall debt refinancing exercise.
BGSM holds 100% equity interest in MCB.
This internal corporate restructuring involves an intra-group transfer to us (an indirect 100% subsidiary of BGSM), of the entire 4,875,000,000 Maxis Shares owned by MCB.
On completion of theSPA, the 4,875,000,000 Maxis Shares will be registered in our name.