Maxis set for US$2b listing

KUALA LUMPUR, Aug 5 — Maxis Communications, the country’s top mobile operator, has chosen Goldman Sachs, Credit Suisse and CIMB to advise it on a planned US$2 billion (RM7 billion) listing in Kuala Lumpur, two sources told Reuters today.

In one of the biggest listings in Southeast Asia in the last few years, Maxis's public offering is likely to take place by the end of this year and the company may raise more than US$2 billion by selling shares, sources told Reuters.

The plan comes as IPOs spring back to life in booming markets in Asia, led by China after new share offerings grinded to a halt last year due to the meltdown in markets.

"There is no announcement at this point. An announcement will be made at the appropriate time," Catherine Leong, Maxis' head of public relations, told Reuters.

Maxis' move comes after Prime Minister Datuk Seri Najib 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.

"It will create some sort of excitement (in the stock market) because it was the darling of investors then and it had substantial foreign shareholdings too," said Abdul Jalil Rasheed, head of equities at Aberdeen Asset Management's Malaysia unit.

Goldman Sachs, Credit Suisse and CIMB declined to comment on the share sale plans. The sources declined to be identified because details of the deal are not public.

The Malaysian market is up 34 per cent this year versus a 50 per cent rise in Singapore's main index.

Maxis was de-listed by reclusive tycoon Tan Sri Ananda Krishnan, who controls 75 per cent of Maxis, in 2007. The rest is owned by state-owned Saudi Telecom Co Ltd.

Krishnan, ranked by Forbes magazine as Malaysia's second-richest man at US$7 billion, also owns pay-television operator Astro All Asia Networks and Tanjong Plc, a power and gaming group, and satellite operator Measat Global, through his investment vehicles.

Shares of Astro and Measat have surged 7.9 per cent and 10 per cent respectively since June 4 when market talk first emerged Maxis will be re-listed through an injection into one of the companies. — Reuters

http://www.themalaysianinsider.com/index.p...or-us2b-listing

This post has been edited by MoonRider: Aug 5 2009, 04:29 PM

Good news indeed.

But with the listing of Maxis, I wonder which stock will be kicked out from KLCI30.

digi..haha

WooHoo!
great news indeed... wait for them to announce it officialy..
btw,
They should kick out MAS from FBM KLCI -.-'

No objection.

MAS is a suitable candidate, they sure want to kick the worst one out.

will there be conflict of interest between PM & CIMB ---- N & N factor

if this goes through, the other N will end up pocketing large sums of $$$

RM15.60 if I am not mistaken. It's VERY expensive.

This post has been edited by Jordy: Aug 5 2009, 06:30 PM

The last transaction of Maxis mean nothing for newly IPO, as Maxis can issue more share or having different sturcture for the listing which the details is yet to be known.

Share price mean nothing, if they issue more or having low par value, then share price will be lower, just like what Airasia did, instead of mostly par value at Rm1, Airasia issued the par value at Rm0.10, so it's IPO become Rm1.xx. If it is Rm1 par value, then it is Rm1x.xx

they sold 30% share at RM5 with discount price to someone and announced to private the company and buy back the share at peak price at RM17.

Someone need money now, that why Maxis listing again!!!!!!

I second that.

probaly faiulure in india and indonesia .. now come back to ask malaysian to help ..

and i hate when astro raised the fees for sports subsribers

do you think axiata will go down because of maxis listing? im pretty in dark here since i plan to buy axiata

Maxis IPO plans seen affecting telco shares
http://www.btimes.com.my/Current_News/BTIM...icle/index_html

.... maxis was delisted ....and now again want to go IPO.... so we are chasing it like a fool...... if good earning...then privatize it and if need money then turn to public.... may be i got a wrong perception why a company being listed and privatized

"A" money...... haha

guess maxis learned their lessons

axiata and digi are expanding due to public funding while maxis expansion has been slowed

it is sensible to relist again to retain the top position, in addition, telco coy needs a lot of money for expansion

loading bullets for maxis

i'm interested in subscribing the IPO. any idea how can i apply for it??

We aren't even sure if Maxis is really going to list.

First of all, open a CDS account from any of the broking houses. Then apply for whatever IPO that you're interested. Don't wait until your favourite IPO start listing process only you go and apply for CDS account because it takes a while for approval.

Hi, thanks for the advice pal...i already have a CDS account but just no activity done at all...But i have a gut feeling that Maxis will be relisted very soon since they have submitted the listing application to SC as well as hired few banks for the application.