Well, this piece of news has got to be one of the most talk-about issue in the investment circle.
Looks like Bursa Malaysia is going to lose one company that has quite a substantial market capitalisation if the privatisation falls through.
Malaysian billionaire Ananda Krishnan made an offer Monday to buy out his public-listed company Maxis, the country’s No. 1 mobile phone company, in a deal possibly worth US$5 billion (euro3.7 billion).
No reason was given for the bid to privatize Maxis Communications Bhd., which has a market value of 32.9 billion ringgit (US$9.4 billion; euro6.9 billion).
Whatever happens, just make sure my 012 line still works!
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