Axiata Group Bhd's share price rose by 1.53% following news of its subsidiary's plan to dispose of its stake in Edotco Myanmar Ltd.
At 9.54am, Axiata Group Bhd’s shares gained 4.0 sen to RM2.66 per unit, with 460,100 shares traded. — Axiata pic via BernamaKUALA LUMPUR, April 5 ― Axiata Group Bhd’s share price rose by 1.53 per cent this morning, following news that its indirect subsidiary plans to dispose of its entire stake in Edotco Myanmar Ltd for RM713.03 million, signalling Axiata's exit from the Myanmar market.
Without disclosing the buyer, Axiata said its board of directors, after having considered all aspects, opined that the proposed divestment in Myanmar is in the best interest of the group. ― Bernama
Axiata Group Share Price Subsidiary Myanmar Market Edotco Myanmar Ltd
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