KUALA LUMPUR, April 30, 2007 (AFP) – Malaysia’s largest mobile operator Maxis Communications said Monday that controlling shareholder, businessman Ananda Krishna has made an offer to take the company private. Maxis said in a statement to the Kuala Lumpur stock exchange that its substantial shareholder, Usaha Tegas — Ananda’s private company — intends “to launch a voluntary general offer through a special purpose vehicle for all the ordinary shares of the company.”
The notice is expected to be served on Maxis by Thursday.
Maxis requested Monday that its shares be suspended from trading on the exchange. The shares closed Friday at 13.00 ringgit (3.80 dollars).
The company, which provides voice and data telecommunications services, posted a net profit of 2.10 billion ringgit in 2006.
Its also owns mobile firms Aircel in India and PT Natrindo Telepon Selular in Indonesia. Apart from Maxis, Malaysia tycoon Ananda has publicly traded interests in the country’s pay TV operator, Astro.