Sep 21 2009, 10:46 PM
QUOTE(Gundam Wing @ Sep 21 2009, 09:24 PM)
The report from business times states that:
"Maxis Malaysia will not be issuing new shares, but will offer 2.25 billion shares, representing 30 per cent of its existing share capital.
The exercise could help its main shareholders (Maxis) to fund the group's Indian investments"
I think what Maxis is doing is that they want to raise cash from the Malaysian public to invest in India but will not be sharing its profit from India.
That's right, now the India's business is start growing with compound rate, why want to share the profit with public?"Maxis Malaysia will not be issuing new shares, but will offer 2.25 billion shares, representing 30 per cent of its existing share capital.
The exercise could help its main shareholders (Maxis) to fund the group's Indian investments"
I think what Maxis is doing is that they want to raise cash from the Malaysian public to invest in India but will not be sharing its profit from India.
I think that's the purpose 2 years back when Maxis delisted from Bursa.
This post has been edited by Vinct: Sep 21 2009, 10:47 PM
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