Published: 2009/10/23
Malaysia Maxis sets 4.80-5.50 rgt
Malaysia’s biggest mobile phone service provider Maxis Bhd has set an indicative price range for its initial public offering at RM4.80 to RM5.50, aiming to raise up to US$3.65 billion, according to a term sheet obtained by Reuters on Friday.
Maxis plans to sell 2.25 billion shares, or 30 per cent, of its existing share capital in the listing, targeted for Nov.
19.
Maxis aims to fix the final price for the share offer on Nov. 10.
Proceeds from the listing, Southeast Asia’s biggest since 1995, are aimed at reducing parent Maxis Communication Bhd’s debt and meeting funding requirements of its investments in India and Indonesia. -- Reuters
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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