Home / Malaysia Mobile Telecom Providers / Prime Minister Najib Razak is asking Maxis to re-list on Bursa

Prime Minister Najib Razak is asking Maxis to re-list on Bursa

Update 1:

The PM himself has asked Maxis to re-list on Bursa Malaysia, the Malaysian stock exchange. I wonder how would Maxis response to it. If it takes place, it will benefit the telecom industry and the public as they would have access to Maxis’s performance, subscriber growth..etc.

Maxis was valued about about 40 billion ringgit ($11 billion) before it was taken private in June 2007.

Malaysia PM wants mobile firm Maxis to relist-report

KUALA LUMPUR, July 22 (Reuters) – Malaysia’s Prime Minister Najib Razak said he is to ask telecommunications group Maxis to re-list on the on Bursa Malaysia so as to boost liquidity on the stock exchange, the Edge reported on Wednesday.

Najib made the announcement at a press conference and no further details were immediately available.

The group was delisted in 2007 by tycoon Ananda Krishnan, who also controls Malaysia’s sole pay-TV operator Astro

Source

Najib wants Maxis to be relisted in KL Bourse

PUTRAJAYA: Prime Minister Datuk Seri Najib Tun Razak said that following his four-day working visit to Saudi Arabia, he made a suggestion for Maxis to be relisted on Bursa Malaysia.

The listing would increase liquidity in the market and attract more investors, he told reporters at the Prime Minister’s Department here today.

“They (investors) have strong portfolios to invest in well and systematically managed companies. I hope it will happen soon,” he said.

The telecommunication company was delisted from Bursa Malaysia in July 2007 following a privatisation process by Binariang GSM Sdn Bhd.

Source

About Kugan

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