KUALA LUMPUR (June 19): Maxis Bhd, the second largest cellular service operator by subscriber base in Malaysia, intends to place out 300 million new shares which is equivalent to 4% of its existing 7.51 billion share capital, to raise up to RM1.73 billion.
According to a term sheet sighted by theedgemarkets.com, these new shares will be priced between RM5.52 and RM5.74 per share, equivalent to between 2.2% and 6.1% discount respectively to Maxis' closing price of RM5.88 last Friday (June 16).
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