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Maxis unaware of Astro merger plan - report

Mon Jun 1, 2009 7:56pm EDT

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KUALA LUMPUR, June 2 (Reuters) - Malaysian telecoms firm Maxis Communications Bhd has denied that it will be relisted through media company Astro All Asia Networks (AAAN.KL), a newspaper reported on Tuesday.

"Maxis is not aware of any such proposal," the Business Times quoted a Maxis statement, sent to the paper, as saying.

OSK Research had said in a report on Monday that there were plans to inject Maxis into Astro. Both companies are controlled by businessman T. Ananda Krishnan, Business Times said.

"We understand from a source that Maxis officials and representatives had been pitching for the relisting exercise to a select group of individual investors overseas over the past two months," OSK analyst Jeffrey Tan said in the report.

Contacted about OSK's report, Astro said it "does not comment on market speculation or reports on specific opportunities", the newspaper said.

Maxis was previously listed before being taken private in 2007. (Reporting by Liau Y-Sing; Editing by Kim Coghill)



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