The privatization of VADS

Source said that Telekom Malaysia (TM, 4863, the trade board) interested in the privatization of VADS (7150, main board).

"The Edge" magazine quoted a source pointed out that the details of the plan believe that the privatization of the purchase price of the offer and are in negotiations, agreed the assumption that all outstanding issues, the company is likely to be announced this week in the privatization plan.

According to the latest financial VADS, Telekom Malaysia is the only major shareholder, holding 64.8 percent stake in the company.

"At the moment, deal with the privatization of the securities has not yet determined the list of banks, but most of the telecommunications company's Securities and Banking, by CIMB Investment Bank (CIMB Investment Bank) is responsible for."

Last Friday, VADS to closing market price of 6.80 ringgit, a record since December 31 last year, the highest level since Jan 25 cents.

In terms of 6.80 ringgit per share calculation, Telekom Malaysia need to spend approximately 300,000,000 8,700,000 ringgit to acquire 35.2 percent of the holders of outstanding shares or 4540 shares.