Malaysian Securities Commission Approves Digi And Celcom Merger Proposal

 Digi and Celcom have stated that they will merge under one entity since the beginning of 2021. It then went through a number of phases, including shareholder confirmation, SKMM confirmation, and now they have also received confirmation from the Malaysian Securities Commission.

It is said that the Securities Commission has confirmed and approved the Bumiputera equity structure in Digi following the merger.

After the merger, the issued shares allocated to Bumiputera will be 12.5%, down from 18.8% before the merger.

With this latest confirmation, it brings one step closer to completing the merger transaction of these two major telecommunications companies.

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