Telecommunications giant Telekom Malaysia now holds 93.29 percent of Celcom Malaysia after a general offer for shares and expects the unit to be de-listed from the Kuala Lumpur Stock Exchange, a company statement said today.

Telekom has also extended the general offer at RM2.75 a share by a further 14 days to June 27 as it has received requests from shareholders to be given additional time to accept the offer, the statement said.

Trading in Celcom, the country's second biggest mobile phone operator, can be suspended on the KLSE once Telekom's shareholding in Celcom has exceeded 90 percent, it added.

Telekom said it had maintained throughout the exercise that it would try to maintain the listing status of Celcom, but under Section 34 of the Securities Commission Act, Telekom will have to compulsorily acquire the remaining Celcom shares given the 90 percent acceptances.

"Consequently, Celcom will be removed from the official list of the KLSE and will become a wholly-owned subsidiary of Telekom Malaysia," it said.

Telekom held 1.338 billion Celcom shares, or a 51.12 percent stake, when it made the general offer and received acceptances for 1.104 billion shares, or 42.17 percent, as of Friday. -- AFP