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Axiata to Wind Up Inactive Subsidiary

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Axiata Group (KLSE:AXIATA) commenced the members' voluntary winding up of dormant unit Awake Asia Distribution to streamline its corporate structure and reduce administrative costs.

The unit, acquired as part of the ADA group in 2021, has remained inactive since 2022, according to a Thursday Malaysian bourse filing.

A liquidator was appointed, effective July 2, with the winding-up process expected to take between nine and 12 months, subject to tax clearance.

Axiata said the exercise is not expected to have any material impact on its earnings for 2026.

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