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【AXIATA 6888 交流专区】亚通

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发表于 8-1-2019 04:45 AM | 显示全部楼层
海外业务推动盈利 亚通翻身市场喊买
財经 最后更新 2018年11月26日 21时34分
http://www.orientaldaily.com.my/s/269119
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发表于 8-2-2019 01:49 PM 来自手机 | 显示全部楼层
本帖最后由 Weida 于 8-2-2019 01:50 PM 编辑

亚通集团大事不妙被尼泊尔法庭政府追讨21亿CGT税收!
Screenshot_2019-02-08-13-45-13-715_com.hsv.powerbrowser.png
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发表于 9-2-2019 07:59 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
PROPOSED SUBSCRIPTION OF SHARES IN MEKONG TOWER COMPANY LIMITED
We are pleased to announce that edotco Investments (Labuan) Limited (“edotco Labuan”), a wholl-y owned subsidiary of edotco Group Sdn Bhd, which in turn is a 63.0% subsidiary of Axiata Group Berhad, had on 29 January 2019 entered into a Share Subscription Agreement with Mr. Viphet Sihachakr and Mekong Tower Company Limited (“MTCL”) for the subscription by edotco Labuan of 25,600 ordinary shares of LAK500,000 each representing 80.0% of the enlarged issued and paid-up share capital of MTCL for a total cash consideration of LAK12,800,000,000 (equivalent to RM6,080,000) (“Proposed Subscription”).

Please refer to the attachment for the full announcement in relation to the Proposed Subscription.


This announcement is dated 29 January 2019.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6053393

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发表于 12-2-2019 06:57 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
INCORPORATION OF COMPANY - APIGATE INDIA SERVICES PRIVATE LIMITED
We wish to inform that Axiata Group Berhad's wholly owned subsidiary, Axiata Digital Services Sdn Bhd and its wholly owned subsidiary, Apigate Sdn Bhd, had on 5 February 2019 completed the incorporation of Apigate India Services Private Limited (“Apigate India”) (Corporate Identity No. U72900MH2019FTC320723), a private company limited by shares, under the Companies Act 2013.

Apigate India was incorporated with an issued and paid-up share capital of INR100,000. The intended principal activities of Apigate India are to carry out the Application Programming Interface (API) business in the State of Maharashtra, India.

The incorporation of Apigate India is not expected to have any material effect on the earning and Net Assets of Axiata for financial year ending 31 December 2019.

None of the Directors and/or major shareholders of Axiata and/or persons connected to them have any direct or indirect interest in the incorporation of Apigate India.


This announcement is dated 7 February 2019.



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发表于 12-2-2019 07:16 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
CLARIFICATION ON THE ARTICLE PUBLISHED IN THE EDGE FINANCIAL DAILY ON 8 FEBRUARY 2019 ENTITLED 'AXIATA ORDERED TO FOOT RM2.16 BILLION TAX BILL IN NCELL BUYOUT DEAL'
In relation to the article published on the front page in the Edge Financial Daily on 8 February 2019 entitled ‘Axiata ordered to foot RM2.16 billion tax bill in Ncell Buyout Deal’, we wish to clarify that  none of the Axiata parties to the litigation has received the judgment and order of the Supreme Court of Nepal (“Supreme Court”) following its ruling, nor does the Axiata Group have any details of what was ordered by the Supreme Court.

The alleged judgement and order by the Supreme Court was on two writ petitions by Axiata’s 80% subsidiary, NCell Private Limited (“Ncell”) [held via Reynolds Holdings Limited (“Reynolds”)],  Reynolds and two Public Interest Litigations (“PIL”) brought against various parties in relation to the Capital Gains Tax (“CGT”) claim following the completion of the sale of Reynolds to Axiata’s wholly-owned subsidiary, Axiata Investments (UK) Limited (“Axiata UK”) on 12 April 2016 (“Transaction”).

Reynolds is the 80% parent company of Ncell, formerly owned by TeliaSonera Norway Nepal Holdings AS, a large European telecommunications group (“Seller”).

In its ruling on 6 February 2019, the Supreme Court had dismissed both the writ petitions by Reynolds and Ncell, and one of the PILs. However, Axiata understands that the Supreme Court has ruled in favour of the PIL filed by Mr Dwarikanath Dhungel and others broadly pleading that the onus of payment of CGT is on Ncell, Reynolds and Axiata UK.

Ncell and therefore, Reynolds, and Axiata UK were given the full clearance by the Large Tax Payers Office of Nepal [“LTPO”] of its obligations to withhold any CGT payment on behalf of the Seller in relation to the Transaction via the letter from LTPO dated 4 June 2017, following the full and final payment made by Ncell, albeit under protest on the basis that CGT is not applicable on offshore transactions and even if applicable, any payment is the responsibility of the Seller.

Axiata will make further announcements should there be any material update in this matter.

This announcement is dated 8 February 2019.




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发表于 22-2-2019 04:48 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
PROPOSED DISPOSAL OF ENTIRE EQUITY STAKE IN M1 LIMITED
We wish to inform that Axiata Group Berhad had today via its wholly-owned subsidiary, Axiata Investments (Singapore) Limited accepted the Voluntary Conditional General Offer made by Konnectivity Pte. Ltd. (“Offeror”) in accordance with Rule 15 of the Singapore Code on Take-overs and Mergers on 27 September 2018 to acquire all the issued and paid-up ordinary shares in the capital of M1 Limited (excluding treasury shares) other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations and their respective nominees.

Please refer to the attachment for the full announcement.

This announcement is dated 15 February 2019.

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发表于 22-2-2019 04:49 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
MEDIA RELEASE - PROPOSED DISPOSAL OF ENTIRE EQUITY STAKE IN M1 LIMITED
We are pleased to provide hereunder the media release in relation to the disposal of Axiata's entire equity stake in M1 Limited.

This announcement is dated 15 February 2019
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6065549

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发表于 22-2-2019 09:51 PM | 显示全部楼层
本帖最后由 icy97 于 23-2-2019 04:08 AM 编辑

6888                 AXIATA                 AXIATA GROUP BERHAD            
              Quarterly rpt on consolidated results for the financial period ended 31/12/2018            
Quarter:4th Quarter
Financial Year End:31/12/2018
Report Status:Unaudited
Submitted By:
Current Year QuarterPreceding Year Corresponding QuarterCurrent Year to DatePreceding Year Corresponding Period
31/12/201831/12/201731/12/201831/12/2017
RM '000RM '000RM '000RM '000
1Revenue6,266,9956,261,09523,885,78124,402,401
2Profit/Loss Before Tax(1,710,794)410,578(4,345,688)1,936,231
3Profit/(loss) attributable to ordinary equity holders of the parent(1,661,923)24,725(5,034,573)909,480
4Net Profit/Loss For The Period(2,020,733)102,301(5,247,240)1,162,482
5Basic Earnings/Loss Per Shares (sen)(18.30)0.30(55.60)10.10
6Dividend Per Share (sen)4.503.509.508.50
As At End of Current QuarterAs At Preceding Financial Year End
7Net Assets Per Share (RM) 1.93002.7300

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发表于 25-2-2019 07:14 AM | 显示全部楼层
Type
Announcement
Subject
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
RELATED PARTY TRANSACTIONS
Description
LETTER OF AWARD FOR THE PROVISION OF 4G MULTI-OPERATOR CORE NETWORK FROM TELEKOM MALAYSIA BERHAD (RELATED PARTY TRANSACTION)
1.0       INTRODUCTION

Axiata Group Berhad is pleased to announce that its wholly-owned subsidiary, Celcom Axiata Berhad (“Celcom”) had today accepted the letter of award dated 15 February 2019 on 4G Multi-Operator Core Network (“MOCN”) from Telekom Malaysia Berhad (“TM”), a related party, for the provision of the 4G MOCN for TM’s subsidiary, webe digital Sdn Bhd (“webe”) (“4G MOCN Award”).


2.0       SCOPE OF THE 4G MOCN AWARD

Celcom shall provide the 2G Domestic Roaming (“DR”) and/or 3G DR and/or 4G DR and/or 4G MOCN services and facilities (“Services”) for webe for a period of 3 years,
where the value of the 4G MOCN Award shall be determined through usage and at the rates as contained in the 4G MOCN Award.
.
The 4G MOCN is an alternative network sharing technology which complements the existing DR services arrangement provided by Celcom through 2G and/or 3G DR Services and 2G and/or 3G DR Facilities Agreement dated 28 January 2016. The 4G DR and/or 4G MOCN will further improve the network coverage of webe.


3.0       RATIONALE FOR THE 4G MOCN AWARD

  The 4G MOCN Award will enable Celcom to enhance the current collaboration by offering a complete (2G/3G/4G) wholesale services to webe. In return, this will accelerate webe’s ongoing effort of a continuous and rigorous roll-out of its Long-Term Evolution (“LTE”) services nationwide leveraging on Celcom’s high quality network and wide coverage.

In addition, this will also support the Government’s aspiration to expand the broadband coverage and reachability to the general population.


4.0       BRIEF INFORMATION ON PARTIES

4.1       TM
TM, a public listed company duly incorporated in Malaysia on 12 October 1984, has issued shares of 3,757,935,749 comprising 3,757,934,823 ordinary shares, 1 Special Rights Redeemable Preference Share and 925 Class D Non-Convertible Redeemable Preference Shares. The principal activity of TM is the establishment, maintenance and provision of telecommunication and related services.

4.2       webe

webe was incorporated in Malaysia on 11 February 2002 as a private limited company under the name of MIB Comm Sdn Bhd and changed its name to Packet One Networks (Malaysia) Sdn Bhd on 24 January 2007. It subsequently assumed its present name on 29 April 2016. webe has issued shares of 27,505,791 ordinary shares held by Mobikom Sdn Bhd (72.85%), a wholly-owned subsidiary of TM, Packet One Sdn Bhd, a wholly-owned subsidiary of Green Packet Berhad (18.91%) and SK Telecom Co. Ltd. (8.24%). The principal activity of webe is the provision of last mile broadband network infrastructure facilities and services.


  4.3     Celcom

Celcom, a public company duly incorporated in Malaysia on 5 January 1988, has issued shares of 1,237,534,681 comprising 1,237,534,681 ordinary shares. Celcom was the first privately owned company in Malaysia to offer mobile services when it launched its “Art 900” analogue mobile system in 1989. In 1995, Celcom was one of the first operators in Malaysia to provide digital services through its GSM 900 network and subsequently launched its 3G and 4G services in 2005 and 2013 respectively. Celcom currently operates 2G, 3G and 4G LTE and provides mobile telecommunication services in Malaysia under the brand name ‘Celcom’.


5.0       EFFECTS OF THE 4G MOCN AWARD ON THE SHARE CAPITAL, EARNINGS AND NET ASSETS

The 4G MOCN Award does not have any effect on the issued and paid-up share capital of Axiata and is not expected to have any material effect on the earnings and net assets of Axiata Group for the financial year ending 31 December 2019. However, the 4G MOCN Award is expected to contribute positively to the future earnings of Axiata Group.


6.0       APPROVALS REQUIRED

The 4G MOCN Award is not subject to shareholders or any government authorities’ approval. Axiata will procure its shareholders’ approval for a mandate for the recurrent related party transactions under the 4G MOCN Award at the next annual general meeting pursuant to Paragraph 10.09 (2) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.


7.0       DIRECTORS' AND SUBSTANTIAL SHAREHOLDERS’ INTEREST

Khazanah Nasional Berhad (“Khazanah”), a major shareholder of Axiata is deemed to have an interest in the 4G MOCN Award by virtue of Khazanah also being a major shareholder of TM. As of 21 February 2019, Khazanah holds approximately 37.16% and 26.21% in Axiata and TM respectively. By virtue of the above relationship, Khazanah is deemed interested in the 4G MOCN Award.

Tengku Dato’ Sri Azmil Zahruddin Raja Abdul Aziz who is a full time executive of Khazanah is Khazanah’s representative on Axiata Board (“Interested Director”) and accordingly, he has abstained and will continue to abstain from all deliberations and voting in relation to the 4G MOCN Award.

Save as disclosed above, none of the other major shareholders and/or Directors of Axiata and/or persons connected to them have any direct or indirect interest in the 4G MOCN Award.


8.0       AUDIT COMMITTEE AND BOARD OF DIRECTORS’ STATEMENT

The Board Audit Committee of Axiata, having considered all aspects of the 4G MOCN Award is of the view that the 4G MOCN Award will be undertaken on terms not more favourable to the related parties than those generally available to the public and are not detrimental to the interest of the minority shareholders of Axiata.

The Board of Axiata (save for the Interested Director) after having considered all aspects, is of the opinion that the 4G MOCN Award is in the best interest of Axiata.


9.0       TRANSACTION WITH THE SAME RELATED PARTY FOR THE PRECEDING 12 MONTHS

Save for the 4G MOCN Award and recurrent related party transactions of revenue and trading nature, there were no other transactions entered into between the Company with the same related party for the 12 months preceding the date of this announcement.

This announcement is dated 21 February 2019.



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发表于 25-2-2019 07:54 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
DIVIDEND
We wish to inform that the Board of Directors’ of Axiata Group Berhad (“Axiata” or “Company”), had on 22 February 2019 declared a tax exempt dividend under single tier system of 4.5 sen per ordinary share of the Company (“Axiata Share”) in respect of the financial year ended 31 December 2018 (“Dividend”).

The Board of Directors also determined that the Company’s Dividend Reinvestment Scheme (“DRS”) will apply to the Dividend, whereby shareholders will be given the option to elect to reinvest the whole or part of the dividend into new Axiata Shares. The listing of and quotation for the new Axiata Shares to be issued pursuant to the DRS will be subject to the approval of Bursa Malaysia Securities Berhad (“Bursa Securities”) of which an application will be submitted in due course.

The decision of Bursa Securities and details of entitlement and payment dates of the above said dividend will be determined and announced in due course.

This announcement is dated 22 February 2019.



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发表于 25-2-2019 07:56 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Media Release for Quarterly Results for the Financial Year Ended 31 December 2018
Please refer attachment below.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6071369
Attachments

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发表于 25-2-2019 07:57 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
AXIATA GROUP BERHADHEADLINE KEY PERFORMANCE INDICATORS (KPIs) FOR FINANCIAL YEAR ENDING 31 DECEMBER 2019 (FY2019)
Axiata wishes to announce its FY2019 Headline KPIs.

These Headline KPIs have been set and agreed by the Board of Directors and Management of Axiata Group (“Group”) and shall not be construed as forecasts, projections or estimates of the Group or representations of any future performance, occurrence or matter as they are merely a set of targets/aspirations of future performance aligned to the Group's strategy and which have been derived on the assumptions that the Group shall operate under the normal business environment under which they had been determined.

The full announcement is attached below.

This announcement is dated 22 February 2019.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6071373

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发表于 12-3-2019 07:29 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
INCORPORATION OF COMPANY - SMARTLUY PLC
We wish to inform that Smart Axiata Co., Ltd. (“Smart”), a 72.48% subsidiary of Axiata Group Berhad (“Axiata”), held via Axiata Investments (Cambodia) Limited and Axiata (Cambodia) Holdings Limited had on 8 February 2019 completed the incorporation of ‘SMARTLUY PLC’ (“SmartLuy”) (Company No.00040295), a public limited company, under the laws of the Kingdom of Cambodia. Notification of completion of the incorporation process in accordance with the local laws was received by Axiata on 27 February 2019.

The intended principal operating activity of SmartLuy is to conduct business in relation to payment services.

SmartLuy was incorporated with a registered capital of KHR8,000,000,000 (equivalent to USD2,000,000) divided into 1,000 shares with the par value of KHR8,000,000 (equivalent to USD2,000) per share.

The incorporation of SmartLuy is not expected to have any material effect on the earnings and Net Tangible Assets of Axiata for the financial year ending 31 December 2019.

None of the Directors and/or major shareholders of Axiata and/or persons connected to them have any direct or indirect interest in the incorporation of SmartLuy.

This announcement is dated 28 February 2019.




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发表于 6-4-2019 07:16 AM | 显示全部楼层
icy97 发表于 22-2-2019 04:48 AM
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6065529

Type
Announcement
Subject
OTHERS
Description
AXIATA GROUP BERHAD  PROPOSED DISPOSAL OF ENTIRE EQUITY STAKE IN M1 LIMITED (PROPOSED DISPOSAL) -        UTILISATION OF PROCEEDS
1. INTRODUCTION

On 15 February 2019, Axiata Group Berhad (“Axiata”) announced that it had, via its wholly-owned subsidiary, Axiata Investments (Singapore) Limited accepted the Voluntary Conditional General Offer made by Konnectivity Pte. Ltd. (“Offeror”) in accordance with Rule 15 of the Singapore Code on Take-overs and Mergers to acquire all the issued and paid-up ordinary shares in the capital of M1 Limited (excluding treasury shares) other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations and their respective nominees.

The cash proceeds from the Disposal amounts to SGD546.7 million (equivalent to RM1,649.3 million) (“Cash Proceeds”).

2. DETAIL OF UTILISATION OF CASH PROCEEDS

The Board of Directors of Axiata wishes to announce that the Cash Proceeds is expected to be utilised as follows:-

Details of Utilisation
Utilisation Amount
Time Frame
(in SGD’ millions)

(in RM millions)
Repayment of existing debt obligations

351.1
1,059.2
Quarter 2 of Financial Year 2019
Cash Requirements as alternative to raising new debt for working capital

195.6
590.1
Within 12 months
Total
546.7
1,649.3


[Note: Unless otherwise stated, the exchange rate of Singapore Dollar (“SGD”) 1.00: Malaysian Ringgit (“RM”) 3.01650 is the exchange rate prevailing as at 27 February 2019, as published by Bank Negara Malaysia which is the date when the Cash Proceeds was received by Axiata]

This announcement is dated 22 March 2019.




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发表于 16-4-2019 08:08 AM | 显示全部楼层
Type
Announcement
Subject
NEW ISSUE OF SECURITIES (CHAPTER 6 OF LISTING REQUIREMENTS)
OTHER ISSUE OF SECURITIES
Description
DIVIDEND REINVESTMENT SCHEME ("DRS") ON THE DIVIDEND IN RESPECT OF THE FINANCIAL YEAR ENDED 31 DECEMBER 2018
We refer to the announcements dated 28 March 2019 and 4 April 2019 in relation to the DRS (“Announcements”). Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the Announcements.

On behalf of Axiata, CIMB wishes to announce that the issue price of the new Shares to be issued pursuant to the DRS, which is applicable to the entire Dividend (RM0.045 per Share in respect of the financial year ended 31 December 2018), has been fixed today (“Price Fixing Date”) at RM3.78 per new Share (“Issue Price”).

The Issue Price represents a discount of RM0.32 or approximately 7.80% to the theoretical ex-dividend volume weighted average market price (“VWAMP”) of approximately RM4.10, which was arrived at after taking into consideration the 5-day VWAMP up to and including 3 April 2019, being the last trading day prior to the Price Fixing Date, of approximately RM4.15 per Share and the Dividend.

This announcement is dated 4 April 2019.




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发表于 16-4-2019 08:08 AM | 显示全部楼层
AXIATA GROUP BERHAD

EX-date
18 Apr 2019
Entitlement date
22 Apr 2019
Entitlement time
05:00 PM
Entitlement subject
Interim Dividend
Entitlement description
Tax Exempt Dividend Under Single Tier System of 4.50 sen per Ordinary Share
Period of interest payment
to
Financial Year End
31 Dec 2018
Share transfer book & register of members will be
to   closed from (both dates inclusive) for the purpose of determining the entitlement
Registrar or Service Provider name, address, telephone no
Tricor Investor & Issuing House Services Sdn BhdUnit 32-01, Level 32, Tower A,Vertical Business Suite, Avenue 3, Bangsar South,No. 8, Jalan Kerinchi59200 Kuala LumpurMalaysiaTel: 03-27839299
Payment date
17 May 2019
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers
22 Apr 2019
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit

c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)

Entitlement indicator
Currency
Currency
Malaysian Ringgit (MYR)
Entitlement in Currency
0.045

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发表于 19-4-2019 07:08 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
Media Release - Axiata Confirms Issuance of the Written Order by the Supreme Court of Nepal
We provide herewith the media release by Axiata Group Berhad in relation to the issuance of the written judgment by the Supreme Court of Nepal.

This announcement is dated 10 April 2019
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6121337

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发表于 18-5-2019 07:55 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
MEDIA RELEASE - AXIATA CONFIRMS RECEIPT OF ASSESSMENT ORDER OF NEPAL'S LARGE TAXPAYERS OFFICE BY NCELL.
We provide herewith the media release by Axiata Group Berhad in relation to the receipt of Assessment Order of Nepal’s Large Taxpayers Office by Ncell Private Limited.

This announcement is dated 17 April 2019
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6129521

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发表于 21-5-2019 02:17 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
SUBMISSION OF A WRIT PETITION  BY NCELL PRIVATE LIMITED TO THE SUPREME COURT OF NEPAL
1.         INTRODUCTION

Axiata Group Berhad (“Axiata”) wishes to inform that Ncell Private Limited (“Ncell”), its indirect 80% owned subsidiary in the Federal Democratic Republic of Nepal had on 21 April 2019 filed a writ petition with the Supreme Court of Nepal (“SC”) in relation to the SC’s written order of 9 April 2019 (“SC Order”).

2.         BACKGROUND

a) In 2016, Axiata through its wholly owned subsidiary Axiata Investments (UK) Limited (“Axiata UK”)acquired Reynolds Holdings Limited (“Reynolds”) from TeliaSonera Norway Nepal Holdings AS (“Telia”)(“Transaction”). Reynolds is the immediate holding company of Ncell.

b) Following the completion of the Transaction and upon making two advance deposits of approximately NPR13.6 billion in aggregate to the Large Taxpayers Office of Nepal (“LTPO”), the LTPO in its letter of 4 June 2017 conclusively certified and acknowledged that Ncell has fully complied with the direction of depositing advance tax pursuant to Section 95A of the Income Tax Act, 2058 (2002) (“ITA”)  and that Ncell had been fully cleared of responsibilities of Capital Gains Tax (“CGT”) arising under the ITA as it relates to the Transaction.

c) Notwithstanding the foregoing, two public interest litigation were filed by a group of Nepali individuals with the SC in relation to the claims of CGT over the Transaction (“PIL Litigation”), broadly pleading that the onus of payment of CGT is on Ncell, Reynolds and Axiata UK. The decision in one of PIL Litigation (Case No. 074-WO-0475) culminated in the SC Order.

d) The SC Order states that the LTPO should, within three months from the date of its receipt of the SC Order conduct an assessment to determine the outstanding CGT to be paid in relation to the Transaction (“SC Direction”). The SC Order also stated that the responsibility to pay tax lies with Ncell and Axiata.

e) On 16 April 2019, LTPO issued a letter to Ncell stating that pursuant to the SC Direction, the assessment order initially issued to Telia (“Telia Assessment”) has been transferred to Ncell and further that the balance amount of the CGT arising from the Transaction is NPR39.06 billion, which is required to be deposited with the LTPO by 22 April 2019 (“LTPO Direction”).

3.         SUBMISSION OF A WRIT PETITION WITH THE SC

3.1      Ncell had on 21 April 2019 filed a Writ of Certiorari, Prohibition and Mandamus to the SC against the LTPO, Inland Revenue Department of Nepal and the Ministry of Finance of Nepal (“Ncell Application”). The Ncell Application was accepted by the SC today.  

3.2      Ncell has been duly advised by its professional advisors that there are supportable grounds to challenge the legality of the LTPO Direction, which grounds include but is not limited to the following: -

(a)     That the LTPO Direction in transferring the Telia Assessment unto Ncell is not in compliance with the procedures as required under the ITA;

(b)     That the LTPO is obligated to undertake a tax assessment on Ncell and not, as demanded in the LTPO Direction, merely a tax collection;

(c)     That in issuing the LTPO Direction, the LTPO has:-   

(i)      failed in providing or affording Ncell the opportunity in making any submission or representation in relation to the imposed tax liability; and

(ii)     failed in providing Ncell with the option to file or submit an application for administrative review over the LTPO Direction.

3.3     Premised on the aforesaid grounds, the Ncell Application seeks for an annulment of the LTPO Direction as well as all decisions, communications, circulars, actions and proceedings in relation thereto against Ncell.

4.        Further Material Developments

Axiata will make further announcements upon material developments arising from the Ncell Application.


This announcement is dated 22 April 2019.




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发表于 21-5-2019 02:18 AM | 显示全部楼层
Type
Announcement
Subject
OTHERS
Description
MEDIA RELEASE  - AXIATA CONFIRMS NCELL'S SUBMISSION OF WRIT PETITION IN RELATION TO THE LETTER ISSUED BY LTPO
We provide herewith the media release by Axiata Group Berhad in relation to the submission of a writ petition by Ncell Private Limited.
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6133685

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