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Download - Axiata Group Berhad - Investor Relations

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Notes to the Financial StatementsFOR THE FINANCIAL YEAR ENDED 31 DECEMBER 20096. SIGNIFICANT GROUP RESTRUCTURING, ACQUISITIONS AND DILUTION OF INTEREST(CONTINUED)(II) Acquisitions during the financial year (continued)(a) Acquisition of interest in Tune Talk Sdn Bhd (“Tune Talk”) (continued)On 30 July 2009, Celcom has subscribed to a further 1,050,000 new ordinary shares of RM1 each in TuneTalk for a total cash consideration of RM1.05 million. Pursuant to the additional share subscription, Celcom’sshareholding in Tune Talk increased from 2,625,000 ordinary shares of RM1 each to 3,675,000 ordinary sharesof RM1 each representing 42.78% of the enlarged issued and paid-up share capital of Tune Talk.Tune Talk had in October and December 2009, issued additional shares of 1,908,833 to 2 of the existingindividual shareholders, TSIL and 2 of the Directors of Tune Talk resulting with Celcom eventual shareholdingin Tune Talk reducing to 35.00% of the issued and paid-up share capital of RM10.5 million.The acquisition did not have significant impact to the <strong>Group</strong> during the current financial year.(b)Acquisition of additional interest in C-Mobile Sdn Bhd (“C-Mobile”)On 19 February 2009, CT Paging Sdn Bhd (“CT Paging”), a wholly-owned subsidiary of Celcom, entered intoa Shares Sale Agreement with I-Mobile International Co Ltd (“I-Mobile”) for the purchase of 2,550,000ordinary shares of RM1 each in C-Mobile, representing 51% of the issued and paid up share capital of C-Mobilefor a total purchase consideration of approximately RM2.6 million. The acquisition was completed on 2 March2009, giving rise to goodwill amount of RM4.7 million following which C-Mobile became a wholly ownedsubsidiary of CT Paging.On 24 March 2009, CT Paging subscribed to a further 10,000,000 new ordinary shares of RM1 each inC-Mobile for a total cash consideration of RM10.0 million. Pursuant to the above, C-Mobile’s paid up sharecapital increased from 5,000,000 to 15,000,000 ordinary shares of RM1 each.The acquisition did not have any significant impact to the <strong>Group</strong> during the current financial year.(c)Acquisition of additional interest of 2.70% in PT XL <strong>Axiata</strong> Tbk (formerly known as PT Excelcomindo PratamaTbk) (“XL”)During the financial year, XL, a subsidiary of Indocel Holding Sdn Bhd (“Indocel”), a wholly owned subsidiaryof the Company held via TM International (L) Limited (“TMIL”) issued a total of 1,418.0 million new ordinaryshares of IDR100 each under a rights issue exercise of USD300.0 million (in equivalent amount in IDR) on thebasis of one (1) Rights Share for every five (5) existing ordinary share at an issuance price of IDR2,000 perordinary share (“XL Rights Issue”).Annual Report 2009 • 197

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