Put in garage sale and will get high chance to sell.

Has anyone receive the Right Letter of offer? Should be sent out by 15 April.

Renounceable rights issue of approximately 4,691.8 million new ordinary shares of RM1.00 each in AXIATA GROUP BERHAD("AXIATA") (“AXIATA Shares”) (“Rights Shares”), on the basis of 5 Rights Shares for every 4 existing AXIATA Shares held by AXIATA’s shareholders whose names appear in AXIATA's Record of Depositors as at 5.00 p.m. on 10 April 2009 ("Entitlement Date") ("Entitled Shareholders"), at an issue price of RM1.12 per Rights Share ("Rights Issue").

Further to Listing's Circar No. L/Q: 52840 Of 2009, kindly be advised of the following :

1) The Rights commence of trading : [ 15 April 2009 (REMAIN UNCHANGED]

2) The Date of Despatch of the Prospectus and Provisional Allotment Letter of Offer :
[ 15 April 2009 (REMAIN UNCHANGED]

3) The last day and time for Acceptance, Renunciation and Payment :
[ 29 April 2009 @ 5:00pm (REMAIN UNCHANGED]

4) The Rights cease quotation : [ 22 April 2009 (REMAIN UNCHANGED]

The Stock Short Name, Number and ISIN Code [AXIATA-OR (INSTEAD OF TMI-OR), 6888OR (REMAIN UNCHANGED) and MYL6888OR004 (REMAIN UNCHANGED ] respectively

This post has been edited by WinDs: Apr 18 2009, 11:51 AM

The form says to pay either using Banker's Draft / Cashier's Order / Money Order / Postal Order...

Can someone help to confirm which payee name I should put.

I am intending to go to the bank to get he Banker's Draft...

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Added on April 18, 2009, 10:02 pmStupid me . It's in the next page...Pay to AXIATA RIGHTS ISSUE ACCOUNT.

This post has been edited by GregPG01: Apr 18 2009, 10:02 PM

Nominee account done by nominee bank right ?
Do they still send the rights form ?

Mayban Nominees gave me a call on Friday regarding the Rights. when told them i want to fully subscribe, all i have to do is to have enough cash in my account by latest 22 april.

Thx. I am using Maybank nominee account too but they didnt call me
Will give them a call this Monday.

By the way, whats the fee they charge for processing the "rights" ?

Yes, you just need to make sure you have enough fund by that date.

i got my call last wed. Another surprising thing is that they offered me to buy more. More right issue shares @ 1.12. Can meh? I thought right issue is for right issue only.

You can subscribe more but there is no guarantee to get it.

All depends on whether others would subscribe or not.

Judge on the trading of OR right now, there should not a problem on full subscription.

Over subscribe , looks possible in a booming market.


This post has been edited by SKY 1809: Apr 19 2009, 08:54 AM

The additional subcription is possible provide nobody want the right. However, no guarantee for you to get it. I got similar call for my Maybank RI.

Can make money from there or not?
Right issue at 1.12 current market at 1.7+. Logicaly is can make right?

Corrent me if I am wrong......I am new to this right issue stuff. Tks

Yes, can make money if you subcribe the right. Not much, about 10% or less.

Axiata May Rise; Eyes AKTEL Listing, Assets Sale

0033 GMT [Dow Jones] Axiata Group (6888.KU) may rise to around MYR1.90 from Friday's close at MYR1.83 (+1.1%), traders tip; Malaysian Reserve reports mobile phone operator may consider listing its 70%-owned Bangladesh unit, AKTEL, in 2010. "We will still look at it. It will happen in the next year or two," Axiata's Chief Executive Jamaludin Ibrahim says according to report. Jamaludin adds company open to divesting its non-core assets. "There are two issues here which may pique the interest of investors. In the immediate term, I think asset disposal may be on the cards and this should help buffer the company's balance sheet. The second issue is the potential listing of AKTEL which will help Axiata realize some value in its investment. This may be more attractive for long-term investors," says institutional dealer. (VGB)

Finally, just got call from Maybank. As I am having odd lots i.e 6.25 lot, they suggest to make to even lot i.e 10 lot. I told them ok. She asked me to bank in RM1132. Seems like there's no extra cost for the 325 OR. I thought I would have to buy 3.75 lot AXIATA-OR at market price to make it to 10 lot (but looks like given for free depending on availability)?

Anyone got similiar case ?

This post has been edited by whizzer: Apr 20 2009, 11:45 AM

I am a total noob. So here goes...

No maybank called me, I received a form to fill in. Whther to 'acceptance' or 'to exercise' the rights?
What it is?
To accept is to buy Axiata-or, so pay 60+ cents per share?
To exercise is to buy Axiata, so pay 1.12 plus 60+ cents per share?
Am I right or not?

Let me know if the question sounds stupid

you received RSF. there is a total amount there mentioning on how much you shud pay to subscribe the rights.

It is correct. You bought OR at 60+cents and you need to add additional 1.12 to subcribe the right.

Your statement look confuse to me either....

you actually cannot subscribe the right it is your entitlement given to you if you hold TMI shares to the basis of 5:4 or buy the right (TMI-OR) 60+ from the market, in fact you are "exercising" the right (if you still holding TMI-OR) by paying 1.12 to subscribe the share of TMI or you can opt to forego the right by doing nothing.

anyone dun wan to mail the rights can choose to go axiata registrar office.. tricor..

the gardens, north office tower

Rose indeed. Managed to unload all mine @ 1.970 today..