Blog yOur Mind

Shareholders approve TMI’s RM5.25 billion rights issue plan

Posted on: March 24, 2009


Bernama – Wednesday, March 25

KUALA LUMPUR, March 24 (Bernama) — TM International Bhd has received shareholders approval on its plan to raise RM5.25 billion via a fully renounceable rights issue.

President and group chief executive officer, Datuk Seri Jamaludin Ibrahim, said the rights issue would make the group more flexible and agile financially. “It places us on a firmer footing to weather the volatility of the current economic conditions,” he told reporters after the group’s extraordinary general meeting here today. The pricing for the rights issue has been fixed at RM1.12 per share on a basis of five rights shares for every four existing TMI shares held. On another note, TMI will change its corporate logo and new name to Axiata Bhd effective mid April. The new name will give TM International a different identity that can reflect the company’s businesses and strategy, its chairman Tan Sri Azman Mokhtar said.

He said the new name and corporate logo would be launched on April 15.– BERNAMA

NBB TNS SD

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

WHEN NOTHING GOES RIGHT, go left

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 55 other followers

DISH MENU

PREVIOUS MENU

CASHIER COUNTER

  • 269,602 UFOs
%d bloggers like this: