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    TIMECOM   MYL5031OO009

TIME DOTCOM

(TIMECOM)
  Report
End-of-day quote BURSA MALAYSIA  -  2023-02-06
5.220 MYR   -0.76%
2022TIME DOTCOM BERHAD Appoints SELVENDRAN KATHEERAYSON as Non Independent and Non Executive Director
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2022TIME DOTCOM BERHAD Announces Resignation of LEE GUAN HONG as Executive Director
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2022TIME dotCom Berhad Announces Resignation of DATUK ZAINAL AMANSHAH BIN ZAINAL ARSHAD as Non Independent and Non Executive Director
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Malaysia's TIME sells $699 million AIMS data centre business to DigitalBridge

11/21/2022 | 10:19pm EST

SINGAPORE (Reuters) - Malaysian telecoms firm TIME dotCom said on Tuesday it would divest its 3.2 billion ringgit ($699.45 million) AIMS Group data centre business to U.S infrastructure investor DigitalBridge.

Under the partnership, TIME will sell 49% of the ordinary shares and 100% of the irredeemable convertible preference shares in AIMS Data Centre Holding, and 21% of the ordinary shares in AIMS Data Centre (Thailand), according to a joint statement.

Proceeds from the transaction of some 2 billion ringgit will partly be used to pay a special dividend of up to 1 billion ringgit to TIME's shareholders, TIME's commander in chief Afzal Abdul Rahim said in the statement.

($1 = 4.5750 ringgit)

(Reporting by Yantoultra Ngui; Editing by Anshuman Daga and Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
DIGITALBRIDGE GROUP, INC. 0.67% 14.96 Delayed Quote.36.75%
MSCI SINGAPORE (GDTR) 0.32% 5920.12 Real-time Quote.6.76%
TIME DOTCOM -0.76% 5.22 End-of-day quote.6.53%
All news about TIME DOTCOM
2022TIME DOTCOM BERHAD Appoints SELVENDRAN KATHEERAYSON as Non Independent and Non Executiv..
CI
2022TIME DOTCOM BERHAD Announces Resignation of LEE GUAN HONG as Executive Director
CI
2022TIME dotCom Berhad Announces Resignation of DATUK ZAINAL AMANSHAH BIN ZAINAL ARSHAD as ..
CI
2022TIME dotCom Berhad Reports Earnings Results for the Third Quarter and Nine Months Ended..
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2022DigitalBridge Group to Acquire Stake in AIMS Group, Create Edge Data Center Platform fo..
MT
2022TIME dotCom Berhad Partners with Affiliates of Digitalbridge Group, Inc to Accelerate t..
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2022TIME dotCom Berhad announced that it expects to receive funding from DigitalBridge Grou..
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2022DigitalBridge Group, Inc. (NYSE:DBRG) agreed to acquire ..
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2022Malaysia's TIME sells data centre stake to DigitalBridge for $440 mln
RE
2022Malaysia's TIME sells $699 million AIMS data centre business to DigitalBridge
RE
More news
Financials
Sales 2022 1 598 M 371 M 371 M
Net income 2022 422 M 98,1 M 98,1 M
Net cash 2022 541 M 126 M 126 M
P/E ratio 2022 22,5x
Yield 2022 3,87%
Capitalization 9 597 M 2 230 M 2 230 M
EV / Sales 2022 5,67x
EV / Sales 2023 5,13x
Nbr of Employees 1 383
Free-Float 59,9%
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Technical analysis trends TIME DOTCOM
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 5,22 MYR
Average target price 5,57 MYR
Spread / Average Target 6,66%
EPS Revisions
Managers and Directors
Afzal bin Abdul Rahim CEO & Non-Independent Executive Director
Shahnaz Farouque Jammal Ahmad Chief Financial Officer
Elakumari Kantilal Non-Independent Non-Executive Chairman
Mark Guy Dioguardi Independent Non-Executive Director
Cha-Ly Koh Independent Non-Executive Director
Sector and Competitors