KUALA LUMPUR (Jan 30): Axiata Group Bhd has received another two-year extension from the Securities Commission (SC) to get the local authorities’ approval for its outdoor structures.
It said on Monday the SC had given it until Jan 29, 2014 to get the approvals for the outdoor structures, which were part of the conditions for its listing on Bursa Malaysia.
To recap, on Feb 22, 2010, the SC had given Axiata two years up to Jan 29, 2012 for it to get the necessary approvals for the remaining 111 structures.
As at Dec 19, 2011, Axiata said 22 outdoor structures were pending approval from local authorities.
“Applications for 27 outdoor structures have been declined, and the Celcom Group is in the midst of appealing to the relevant local authorities with respect to such applications,” it said.
As part of the extension, Axiata said it had to make quarterly announcements on the status of application on the outdoor structures to Bursa Securities until the approvals were obtained.
Axiata also had to update the SC on the status of the application on the outdoor structures every six months until such approvals were obtained.
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