Proposed Private Placement Of New Ordinary Shares In Maxis, At An Issue Price To Be Determined Later
As announced to Bursa Malaysia this afternoon, Maxis plans to issue 300 million new Maxis shares under a private placement to investors, which will be carried out via a book-building exercise today. The precise terms and conditions for the placement shares will only be determined upon completion of the book-building exercise. We expect the private placement to be completed by end of July 2017.
The equity fund-raising exercise is expected to strengthen Maxis Group’s financial position and will give us the flexibility to fund our future spectrum assignment fees and growth strategy.
Further announcement will be made upon conclusion of the book-building exercise later today.
Please refer to the Bursa Malaysia statement here: http://www.bursamalaysia.com/market/listed-companies/company-announcements/5463885