Maxis placement shows force is with Malaysia

The country's largest private sector placement of the past four years shows Malaysia's equity capital markets are back in business again.

Maxis placement shows force is with Malaysia

A $M$1.656 billion $387 million primary placement for Maxis Berhad on Monday demonstrated that foreign investor confidence is returning to Malaysia after a number of difficult and scandal-plagued years. 

The 300 million-share deal for the country's largest mobile operator was a large one by domestic standards.

It not only represented the largest-ever primary placement for a Southeast Asian telecom company, but also Malaysia’s largest private sector primary placement since 2013. ...

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