Malaysia's Maxis hires banks for $2 bln IPO-sources
SINGAPORE/KUALA LUMPUR |
SINGAPORE/KUALA LUMPUR Aug 5 (Reuters) - Maxis Communications, Malaysia's top mobile operator, has chosen Goldman Sachs (GS.N), Credit Suisse (CSGN.VX) and CIMB BUCM.KL to advise the firm on a planned $2 billion listing in Kuala Lumpur, two sources told Reuters on Wednesday.
The listing is likely to happen by the end of this year and the company may raise more than $2 billion in its public offering, one of the sources told Reuters.
The move comes after Malaysia's Prime Minister Najib Razak said last month he had asked Maxis Communications Bhd to re-list on Bursa Malaysia to boost liquidity and draw in investors to Southeast Asia's most laggard stock market so far this year .KLSE.
Maxis, Goldman Sachs, Credit Suisse and CIMB declined to comment on the IPO plans.
Maxis was de-listed by reclusive tycoon Ananda Krishnan, who controls 75 percent of Maxis, in 2007. The rest is owned by state-owned Saudi Telecom Co Ltd 7010.SE. (Reporting by Saeed Azhar and Julie Goh; Editing by Anshuman Daga)
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