Annual Report 2012, PDF - Axiata Group Berhad - Investor Relations

Axiata Group Berhad (242188-H) Annual Report 20125. SIGNIFICANT INCORPORATION, ACQUISITIONS, MERGER, DISPOSALS AND DILUTIONs OF INTERESTS(CONTINUED)(a) Incorporation, acquisitions and dilutions of interests during the financial year (continued)(iii) Incorporation of Axiata SPV2 Berhad (“Axiata SPV2”)The Company had on 4 June 2012 completed the incorporation of Axiata SPV2, a public companylimited by shares, under the Companies Act, 1965. Axiata SPV2 was incorporated with an authorisedshare capital of RM100,000 divided into 100,000 ordinary shares of RM1 each of which RM2 has beenissued and paid-up.The incorporation above has no significant impact to the Group and the Company during the financialyear.(iv) Incorporation of Axiata Towers (Cambodia) Company Limited (“ATC”)Hello Axiata Company Limited (“Hello”), a wholly owned subsidiary of the Company, had on 7 June2012 completed the incorporation of ATC, a private company limited by shares following the issuanceby the Ministry of Commerce, Cambodia of the Certificate of Incorporation on 7 June 2012.ATC was incorporated with an authorised share capital of Khmer Riel (“KHR”) 16.0 million (equivalentto USD4,000) subdivided into 1,000 ordinary shares of KHR16,000 each, which has been fully issuedand paid-up. The business objective of ATC is to undertake activities and operations related totelecommunication infrastructure. On 29 June 2012, ATC was granted 30 years of tower operatinglicense from government of Cambodia to operate the business.The incorporation above has no significant impact to the Group during the financial year.(v) Acquisition of 51.00% equity interest in Digital Milestone Sdn Bhd (“DMSB”)Celcom had, on 23 July 2012, completed the acquisition of 255,000 ordinary shares of RM1 eachrepresenting 51.00% of the equity interest in DMSB. The acquisition of DMSB Shares by Celcom is inaccordance with the Teaming Agreement entered by Celcom dated 3 July 2012 in which Celcom andMedia Broadcast GmbH will establish a joint-venture entity and jointly act in relation to pre-bidactivities and formulation of bid for the development, supply, commissioning, marketing and operationof digital television transmission infrastructure in Malaysia via a common infrastructure provider for thedigital terrestrial transmission services to be rolled-out under Malaysia’s National Digitisation Project(“Tender Bid”).Celcom, through DMSB, has participated in the Tender Bid but was not shortlisted. With this andpursuant to the Teaming Agreement dated 3 July 2012, DMSB which was set-up for the Tender Bid isno longer required now and hence, to be wound up.The Group is in the process of seeking the necessary approvals to proceed with the winding-upproceedings.(vi) Incorporation of Celcom Childcare Sdn Bhd (“CCSB”)Celcom had, on 29 August 2012, completed the incorporation of CCSB, a private company limited byshare, under the Companies Act, 1965. CCSB was incorporated with an authorised share capital ofRM100,000 divided into 100,000 ordinary shares of RM1 each of which RM25,000 has been issued andpaid-up.The incorporation above has no significant impact to the Group and the Company during the financialyear.205