Excelcomindo to own US$ 600 million

Axiata Group Berhad will shoot US$ 300 million-US$ 600 million of fund to PT Excelcomindo Pratama on fourth tri-semester 2009. The fund will serve the investment and loan refinancing of Excelcomindo. ‘Fund obtained from the right issue of US$ 1 billion planned to give Excelcomindo of US$ 300 million - US$ 600 million. They need to hold the general share holder meeting to endorse the plan,’ mentioned President Director, Hasnul Suhaimi to Bisinis on yesterday. / Bisnis Indonesia, pg F1