Maxis Private Placement Raises RM1.7 billion
Further to its earlier statement, Maxis announced that the book-building exercise for the issuance of 300 million new Maxis shares under the private placement to investors has been completed. It attracted demand from both local and foreign institutional investors with the book being oversubscribed. The issue price was fixed at RM5.52 per placement share, representing a discount of approximately 6% to the closing price of Maxis on 16 June 2017. The proceeds raised from this fund-raising exercise is approximately RM1,656 million. This new equity will strengthen Maxis Group’s financial position and will give flexibility to fund future spectrum assignment fees and growth strategy. We expect the private placement to be completed by the end of July 2017.
Please refer to the Bursa Malaysia statement here: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5465069