<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Financial Daily on September 14, 2017</span></p></div><div class=newsTextDataWrapInner><p>KUALA LUMPUR: Axiata Group Bhd has incorporated a new digital finance solutions company, Merchantrade Digital Services Sdn Bhd (MDS).</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia yesterday, the group said MDS is placed under its wholly-owned subsidiary Axiata Digital Services Sdn Bhd (ADS).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>MDS is the group’s designated joint venture vehicle with Merchantrade Asia Sdn Bhd to provide digital finance services and solutions.</p></div>

<div class=newsTextDataWrapInner><p>“MDS was incorporated with a paid-up share capital of RM1,000, of which 51% is held by ADS and the remaining by Merchantrade Asia Sdn Bhd,” it added.</p></div>

<div class=newsTextDataWrapInner><p>Axiata said the incorporation of MDS is not expected to have any material effect on the earnings and net tangible assets of Axiata for the financial year ending Dec 31, 2017.</p></div>


KUALA LUMPUR: Axiata Group Bhd has incorporated a new digital finance solutions company, Merchantrade Digital Services Sdn Bhd (MDS).

In a filing with Bursa Malaysia yesterday, the group said MDS is placed under its wholly-owned subsidiary Axiata Digital Services Sdn Bhd (ADS).

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Axiata starts new digital finance solutions company

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