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Binariang owns more than 90% of Maxis

2 days ago it was reported that Binariang owns more than 75% of Maxis, now the share has been increased to more than 90%.

Binariang does not intend to maintain the listing status of Maxis, by gaining these new shares Binariang has breached the listed entity’s 25 per cent public spread criterion.

Maxis would be suspended from the Bursa Malaysia with effect from 9am on June 25.

About Kugan

Kugan is the founder of MalaysianWireless. He has been observing the mobile industry since 2003. Connect with him on Twitter: @scamboy