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

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

I just get the blue form and a very thick prospectus (not going to read it) just now ..

and I am pissed off .. the prime minister shouting for 1Malaysia ..

the first item to filled in te form is : Malaysian Bumiputera , Malaysian Non Bumiputera and Non-Malaysia ..

and also i got ot know from maxis center , those who subs postpaid less than 5 years will not able to get blue form ...

i guess chances for white form submitted and u not bumiputera status very very very slim chance

I believe blue form will stand higher chance , and max u can buy using blue form is 1 lot. And blueform is only for Maxis subcriber who been with maxis for 5 yers and above.

And i dont think blueform holder is more than 50k, so chances are very high.... u need to used ur ic address ..

How many here agree with me that Maxis will be around RM7-RM10 at leat by first quearter 2010...

blue form .. ..

there is no reason why i dont bid the maxis share ..
biggest IPO in South East Asia ....
ananda is the second richest man in Malaysia ...


This post has been edited by MoonRider: Nov 2 2009, 03:08 PM

it is written clearly in the form ... so u trust the form or trust maxis staff

I think someone should open a topic for applying IPO .. lot of newbies here ..

Good luck everyone .. I got feeling it will go up to RM8 within this remaining year.. .

We should know by next week if u got the ipo or not. Just hope no postman coming to your house ..

Correct Correct Correct ..

I guess lot of people overlooked and I am happy .. hahaha

And also I believe lots of people forget to sign .. well i guess the form is too messy and blue color ..

This post has been edited by MoonRider: Nov 6 2009, 11:16 AM

sorry to say , u may be disqualified. I believe you need to write the name and address behind the bank draft.

Reason because we need to write the name and addreess,
this is to ensure the bank draft is belong to you.

and they have reason to disqualify u and it already mentioned item the form as well on the evenlope , wonder how can u miss that ..

This post has been edited by MoonRider: Nov 6 2009, 04:55 PM

Wednesday should know adi whether you kena or not.

I hope everyone in LYForum will get it ...

fully agreed. You should wait few days and buy.

Looks like Blue Form 50% chance ...

I get my blue form yesterday ... looks like is time for me to switch to DIGI ...

What makes Maxis go for another listing? Maxis has been in Malaysia more than 10 years and last 3 years , they delisted from bursa. I dont see Maxis has no money .. even one time rumors saying ananda want to bid newcastle for 100 million pound ..

So i really cant figure out ,. why maxis want to list again? Remember , there are few takevover from maxis at oversea indonesia, india and today latest news want to buy australia internet tv ..

now maxis listed, those money must be declared if want to invest in oversea and every move by Maxis will need to open declared and no more back door.

i hope maxis is not making a wrong decision listing ... there is no much push out as people has high hope on this share to touch rm6 easily ..

sorry accidently closed