Maxis relisting worth US$2billion
Filed Under (Business News) by Webmaster on 05-08-2009
Tagged Under : Maxis, relisting
Reuters reported that Maxis Communications, Malaysia’s top mobile operator, has chosen Goldman Sachs, Credit Suisse and CIMB to advise the firm on a planned US$2 billion listing in Kuala Lumpur, two sources said today.
The listing is likely to happen by the end of this year and the company may raise more than US$2 billion in its public offering, one of the sources said.
The move comes after Malaysia’s Prime Minister Datuk Seri Najib Tun Razak said last month he had asked Maxis Communications Bhd to re-list on Bursa Malaysia to boost liquidity and draw in investors to Southeast Asia’s most laggard stock market so far this year.
Maxis, Goldman Sachs, Credit Suisse and CIMB declined to comment on the IPO plans.
Maxis was de-listed by reclusive tycoon Ananda Krishnan, who controls 75 per cent of Maxis, in 2007. The rest is owned by state-owned Saudi Telecom Co Ltd
[...] Communications Bhd is “seriously looking” at a re-listing following the request by Prime Minister Datuk Seri Najib Tun [...]