KUALA LUMPUR (June 20): Maxis Bhd has priced its 300 million new private placement shares at RM5.52 each to raise RM1.66 billion, which will be used to cut the mobile telecommunication network provider's debt.
In a statement to Bursa Malaysia today, Maxis said it had fixed the placement share price after the completion of the book-building process.
Maxis said its private placement had attracted "demand from both local and foreign institutional investors". Maxis said it had obtained Bursa Malaysia's conditional approval to list the new shares on the exchange.
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