ON AUGUST 8, I wrote READ : Maxis,. Digi and Celcom do not need shareholder approval to purchase a minority stake in Digital Nasional Bhd.
A SINGAPORE STRAITS TIMES article carried by the Malay Mail, seems to reinforce my train of thought when it reported READ : Maxis have to sign on to buy a 11.5 per cent stake for RM200 million or risk missing the 5G boat
If what you get is what you see
Then I don't want your kind of love
Then I don't want your kind of love
So let me see your cards on the table
Before I buy
I always read the writing on the label
So give me reason to believe there's more to you than meets the eye
Before I buy
I always read the writing on the label
So give me reason to believe there's more to you than meets the eye
BASICALLY, without even stating it,.the report seems to imply that two other public listed companies namely DiGi and Axiata Group Bhd are now on board .
IF , this is true, than it validates what I have stated that a special shareholders meeting is not a must in a deal like this.
WHILE , RM200 million is a lot of money, it actually works out to less than 2.5 per cent of Maxis yearly revenue of RM9.2 billion. READ : Maxis revenue hits RM9.2 billion from RM8.9 billion a year ago.
NOW the question here is the likes of Emir Research have consistently hinted, that the deal will have to go through the scrutiny of ALL shareholders.
Obviously they were dead wrong, making it difficult for anyone,.any longer to buy into their anti Digital Nasional Bhd narrative.