• Most Popular
  • Most Shared

Maxis unaware of Astro merger plan - report

Mon Jun 1, 2009 7:56pm EDT

Stocks

   

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)



More from Reuters

Ex-wife sues SAC's Cohen, alleges insider trading

NEW YORK/BOSTON (Reuters) - Hedge fund magnate Steven A. Cohen was accused by his former wife on Wednesday of hiding millions of dollars from her and of engaging in insider trading in a high-profile merger in the 1980s.

An an exit sign is pictured in New York City October 14, 2006.  REUTERS/Lucas Jackson
Interview:

No stimulus exit in sight

The man who predicted the fallout from the property bubble says it's still too early to talk about exiting easy money policies. In fact, more stimulus is on the way.  Full Article 

  The tail section of the turboprop MQ-9 Predator B drone is seen on the tarmac at Fort Huachuca, Arizona, December 5, 2006.

Just don't say the D-word

In the high-testosterone world of military jets, the words "drone" and "unmanned aerial vehicle" don't fly. Now there's a new term in town.  Full Article