Samart signs buyback deal with Malaysia’s Axiata | Bangkok Post: business

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Samart signs buyback deal with Malaysia’s Axiata

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Samart Corporation has entered into an agreement to buy back all the shares from its Malaysian strategic partner Axiata Group. 

Under the agreement, the Thai telecom equipment firm will pay 2.875 billion baht to buy back 1.053 billion shares, or 23.93%, of Samart I-Mobile (SIM), the main handset unit of Samart Group, from Axiata Group — formerly known as Telecom Malaysia.

The shares will be sold at a price of 2.73 baht each.

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