Should be next Wed.

I hv not receive my OR forms yet. Anyone get it or do we get it after next Wed.

This post has been edited by whizzer: Apr 16 2009, 04:25 PM

Do you mean letter of Right Issue? I haven't got mine too, anybody got it yet??

i called registrar, yesterday sent out

Anyone buying the OR ?

wow..... it seems to be too late to take any action now
1st thing for u 2 consider now: to subscribe the rights issue or not?

got my form dy, need to post back with malaysian revenue stamp..

I think it is good to subcribe the right.

If you don't intent to fork out more money, you can sell of your rights. Otherwise, if you don't do anything, your rights will disappear.

Provided the right price is good.

a few noobs question

1) the press media said that right issue is at the price of RM1.12 but why Axiata-or price is listed at 0.600++ now? is the same thing or different thing?

2) if we bought the axiata-or so end up what will happen? meaning that we can own the share in RM1.12 or RM0.600++ instead of Axiata RM1.700++ ?

pls advice, cos I cant found the answer from google.

And I got this email from my HR----->


-------------------------------------------------------------------------------------------------------------------------------------------
Ruj Kami : GHCM 1140/Circular/2009
10 April 2009

PEKELILING GROUP HUMAN CAPITAL MANAGEMENT NO: 4/2009 (3)

TERBITAN HAK SAHAM AXIATA GROUP BERHAD (SEBELUM INI DIKENALI SEBAGAI TM
INTERNATIONAL BERHAD) (AXIATA)

Seperti yang anda sedia maklum, Axiata Group Berhad baru-baru ini telah
mengumumkan pemberian ‘Terbitan Hak’ (Terbitan Hak Saham Axiata) kepada
pemegang saham yang layak. Berikut adalah maklumat berkaitan dengan
Terbitan Hak tersebut:

<See Attachment 1.bmp>

Hasil daripada Terbitan Hak Saham Axiata, sekiranya anda mempunyai
pegangan opsyen saham Axiata yang belum dilunaskan melalui tawaran opsyen
saham kakitangan khas TM (ESOS) (Tawaran Saham Axiata), pengubahsuaian
terhadap harga urusniaga opsyen saham dan jumlah saham Axiata yang
ditawarkan akan dilakukan.

PENGUBAHSUAIAN TERHADAP HARGA URUSNIAGA DAN JUMLAH TAWARAN SAHAM AXIATA

Harga urusniaga bagi setiap satu saham Axiata yang ditawarkan (iaitu harga
di mana anda layak untuk menebus saham Axiata) dan bilangan saham tawaran
Axiata (iaitu bilangan saham Axiata yang layak untuk ditebus) akan
diubahsuai berdasarkan formula berikut:

<See Attachment 2.bmp>

Contoh penggunaan formula pengubahsuaian di atas adalah seperti berikut:

(i) sekiranya harga urusniaga lama bagi opsyen saham Axiata adalah RM6.99,
pengubahsuaian terhadap harga urusniaga adalah seperti berikut:

Harga urusniaga yang diubahsuai:

= [RM6.99 x (RM2.61 – RM0.8278)]/RM2.61
= RM4.77

Harap maklum bahawa pengubahsuaian harga urusniaga akan berkuatkuasa pada
tarikh sebelum Terbitan Hak Saham Axiata, iaitu 8 April 2009. Bagi
mengelakkan kekeliruan, pengubahsuaian harga urusniaga bagi tawaran saham
Axiata akan dibundarkan ke 1 sen ke bawah.

(ii) sekiranya jumlah opsyen saham lama Axiata adalah 4,000,
pengubahsuaian terhadap jumlah saham adalah seperti berikut:

Jumlah saham yang diubahsuai:

= [4000 x RM2.61]/[RM2.61 – RM0.8278]
= 5,857 saham Axiata

Harap maklum bahawa pengubahsuaian jumlah akan berkuatkuasa pada tarikh
sebelum Terbitan Hak Saham Axiata, iaitu 8 April 2009. Bagi mengelakkan
kekeliruan, jumlah pengubahsuaian saham Axiata lanjutan dari Terbitan Hak
Saham Axiata yang akan dipindahkan ke akaun anda sekiranya ditebus akan
dibundarkan ke nombor bulat terdekat.

SOALAN-SOALAN LAZIM
S1: BAGAIMANAKAH PENGUBAHSUAIAN DITENTUKAN?
J1: Undang-undang Kecil ESOS Khas membenarkan harga urusniaga dan/atau
bilangan saham Axiata diubahsuai sekiranya ia dilakukan secara adil dan
munasabah dan disahkan oleh auditor luar atau penasihat Syarikat ke
Jawatankuasa Opsyen. Bagi pengubahsuaian ini, ia telah disahkan oleh
penasihat Syarikat, iaitu CIMB Investment Bank Berhad, bahawasanya ia
adalah adil dan munasabah.

Sebagai makluman, Undang-undang Kecil ESOS Khas menyatakan hak terakru ke
atas saham Axiata perlu dikendalikan oleh TM ESOS Management Sdn Bhd
(pemegang amanah bagi ESOS Khas). Justeru itu, pengubahsuaian yang telah
diluluskan oleh Lembaga Pengarah telah mengambilkira nilai saham Axiata
yang belum dilunaskan.

S2: APAKAH TINDAKAN YANG PERLU SAYA AMBIL LANJUTAN DARI PENGUBAHSUAIAN INI?
J2: Bagi saham Axiata yang belum dilunas, tiada apa-apa tindakan yang
perlu diambil. Sekiranya anda adalah pemegang saham Axiata (saham Axiata
telah ditebus) dan mempunyai sebarang keraguan, anda boleh berhubung
dengan broker saham, pengurus bank, akauntan atau mana-mana penasihat
profesional untuk khidmat nasihat.

S3: BAGAIMANA UNTUK SAYA MENGETAHUI HARGA URUSNIAGA YANG TELAH DIUBAHSUAI
DAN TAWARAN SAHAM AXIATA SAYA?
J3: Sila rujuk kepada formula pengubahsuaian seperti di atas untuk
pengiraan pengubahsuaian harga urusniaga bagi setiap satu opsyen saham
Axiata yang ditawarkan (iaitu harga di mana anda layak untuk menebus saham
Axiata) dan pengubahsuaian jumlah opsyen saham Axiata yang ditawarkan
(iaitu bilangan di mana anda layak untuk menebus saham Axiata).

Adalah dimaklumkan bahawa tiada surat tawaranopsyen saham yang baru akan
dikeluarkan. Pekeliling ini adalah untuk memaklumkan tentang
pengubahsuaian terhadap harga urusniaga dan jumlah opsyen saham Axiata
yang ditawarkan.

S4: BAGAIMANAKAH CARA BAGI MELUNASKAN TERBITAN HAK SAHAM AXIATA SAYA? J4:
Anggota yang mempunyai saham Axiata di dalam central depository system
(akaun CDS) pada tarikh kelayakan sahaja yang layak untuk menyertai
tawaran Terbitan Hak Saham Axiata.

Sekiranya anda hanya memegang tawaran opsyen saham Axiata dan bukannya
saham Axiata di dalam akaun CDS pada tarikh kelayakan, maka anda adalah
tidak layak untuk melunaskan Terbitan Hak Saham Axiata.

Adalah dimaklumkan bahawa, sekiranya terdapat sebarang kemusykilan
terhadap isi kandungan pekeliling ini, maka pekeliling di dalam versi
Bahasa Inggeris (seperti yang dilampirkan) akan dirujukan.

Sekiranya anda mempunyai sebarang pertanyaan, sila hubungi En Azman Shah
Mohamad di talian 03-224 2999 (manshah@tm.com.my) atau Pn Nooraizah Hashim
di talian 03-2240 1567 (nooraiza@tm.com.my).

Sekian dan salam hormat.

GROUP HUMAN CAPITAL MANAGEMENT
TM

s.k YBHG. TAN SRI DATO’ IR MD RADZI MANSOR
Pengerusi, TM

Y.BHG DATO’ ZAMZAMZAIRANI MOHD ISA
Ketua Pegawai Eksekutif Kumpulan, TM



------------------------------------------------------------------------------------------------


I am super confuse now



This post has been edited by fumi: Apr 17 2009, 10:53 AM

i only can answer u for the no#2...
after u subscribe u will need to pay the OR price + RM1.12... that means if next week the OR price is RM0.65 so u will need to pay [(RM1.12+RM0.65) x units] that u bought...

if i m not mistaken lar

So, looks like its better to buy the -OR b'coz the end result is cheaper than AXIATA. Right?

Ya, cheaper by 10 cents at least.

Let me try #1 (if i m wrong.. someone pls correct me )

The price of RM1.12 is only exclusively available to existing share holders. Its a 4:5 rights issue, meaning that for every 4 existing shares of AXIATA, you are entitled to purchase 5 new shares at special price of RM1.12.

This is also a "renouncible" rights issue which means that if you don't want to buy the share, you can sale the rights to someone else. The value of this rights is OR price, ie. 0.65.

Analogy :-
At the supermarket, you buy 4 bars of soap @ 2.61. However, the supermarket have special "offer" and gives you five special coupon (the OR) which enable you to redeem 5 extra bars of soap @ special price RM1.12.

However, you may decide that you have too many bars of soap already. So you sell the coupon (OR) to your friend. You may discover that at this juncture, all of sudden the price of soap drops drastically (chiefly because now we have too many bars of soap in the market ). So now soap sells for RM1.83 each. The question you ask yourself is how much should you sell the coupon to your friend. If you sell coupon at 0.65cts, then when he goes to supermarket, he buys the soap at RM1.12. So his cost = cost of coupon (Rm0.65) + cost soap @ special price (RM1.12) = RM1.72.

Compare this if he goes to buy the soap without the coupon, i.e. RM1.83.

---

Added on April 17, 2009, 3:10 pmAgain not necessarily so. It depends on your timing on acquiring. If AXIATA price drops & you bought the OR on the high side, you will be paying more then if you get the AXIATA share outright.

e.g. if you bought OR at 0.65 & suddenly the price of AXIATA drops to 1.70. Then in this case, you are paying RM0.65 + RM1.12 = RM1.77 per share. Additional 0.07cts more expensive.

This post has been edited by whizzer: Apr 17 2009, 03:14 PM

your 2 lots = 2,000 right? I'm not sure if you get your OR.

Assume that you don't have any OR
the best approach is to average down. A lot of sifu here for sure can tell that averaging works. It works for me for few situation previously (especially KNM)

2,000 x 6.00 = 12,000
8,000 x 1.80 = 14,400

10000 @ RM26,400 or RM2.64 per share

Your "nett paper loss" = -8,400
vs your current holding with paper loss of -8,400. You do the math and tell me.

If the share depreciate down say 1.50, buy again +/- 50% of your holding ie 5,000 to average down.

If the share appreciate to 2.xx - your paper loss shrink and so on.

The choice is yours

This stock has strong support from PNB and EPF, not a worry for long term. Performace should be better in the future.

Just that if you do not average down, doubt it would go back to the same price you bought, not in a very near future.

Again judge your own.

This post has been edited by SKY 1809: Apr 17 2009, 05:13 PM

Got this below from Edge Article



This means in total 68.79%. Here's my thinking, if I own this much of a company, I am going to try to keep the pricing as stable as possible by buying when the other 31.21% trys to push down the price by selling.

Now my question is how much more can I buy before I am force to take this company private?

There's also seems to a special clause to say that Khazanah is not obligate to take the company private. Doesn't this mean that because there will be less share in market so eventually AXIATA will hit a point whereby the market won't influence the price of the share. Just curious

This post has been edited by whizzer: Apr 17 2009, 06:00 PM

Have you come across PNB and EPF take listed company into private. 80 to 90% holding by a single party.

Plse name a few if you have.

This post has been edited by SKY 1809: Apr 17 2009, 06:05 PM

hi guys, any body need revenue stamp...i have 8pcs extra. want to clear off. sorry off topic.