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Maxis Bhd relisting in Bursa Malaysia

Maxis Bhd will offer shares to retail investors for as much as RM5.20 each and the final price will be set on November 9, after a bookbuilding exercise for institutional investors is completed.

Maxis is offering for sale 2.25 billion existing shares, or 30 per cent of the company, in the IPO. Out of this, retail investors, including Maxis customers and staff, are allocated 212.3 million shares, or 2.8 per cent.

The retail offering will close on November 5 and the company is scheduled to list on Bursa Malaysia on November 19.

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