<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 20): Maxis Bhd has priced its 300 million new private placement shares at RM5.52 each to raise RM1.66 billion, which will be used to cut the mobile telecommunication network provider's debt.</p></div>

<div class=newsTextDataWrapInner><p>In a statement to Bursa Malaysia today, Maxis said it had fixed the placement share price after the completion of the book-building process.</p></div>

<div class=newsTextDataWrapInner><p>Maxis said its private placement had attracted "demand from both local and foreign institutional investors". Maxis said it had obtained Bursa Malaysia's conditional approval to list the new shares on the exchange.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Maxis announced the corporate exercise yesterday. Its share trade was suspended yesterday in conjunction with the announcement.</p></div>

<div class=newsTextDataWrapInner><p>Trading resumes today. At Bursa Malaysia, Maxis shares fell as much as 35 sen or 6% to RM5.53 on the news. At 10:18am, the stock was traded at RM5.64 to become Bursa Malaysia's top decliner.</p></div>

<div class=newsTextDataWrapInner><p>Some four million shares changed hands. At RM5.64, Maxis has a market value of RM42.36 billion.</p></div>

<div class=newsTextDataWrapInner><p>&nbsp;</p></div>


KUALA LUMPUR (June 20): Maxis Bhd has priced its 300 million new private placement shares at RM5.52 each to raise RM1.66 billion, which will be used to cut the mobile telecommunication network provider's debt.

In a statement to Bursa Malaysia today, Maxis said it had fixed the placement...

Maxis raising RM1.66b from private placement

Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah will undertake a state visit to Singapore on May 6 and 7, 2024 at the invitation of the republic's President Tharman Shanmugaratnam.

King, Queen to make first overseas state visit to Singapore 

Prime Minister Benjamin Netanyahu's cabinet decided on Sunday to shut down Al Jazeera's operations in Israel for as long as the war in Gaza continues, on the grounds the Qatari television network threatens national security.

Israeli cabinet votes to shut down Al Jazeera's local operations

Sarawak will consult with Attorney General Datuk Ahmad Terrirudin Mohd Salleh to determine the most appropriate term to replace the word "state" in Sarawak State Legislative Assembly, based on the Federal Constitution.

Abang Johari: Sarawak to consult AG on appropriate term to replace ‘state’

Datuk Seri Anwar Ibrahim has urged all implementing agencies, particularly ministries, to prioritise the training of young people on artificial intelligence (AI) so that the country does not fall behind in this field.

PM wants AI, TVET-related training ramped up for country’s youth

The Ministry of Home Affairs (KDN) is currently formulating a strategy to enhance use of technology, particularly artificial intelligence (AI), for stricter border control measures.

Home Ministry looking to employ AI tech to tighten border control, says Saifuddin

The Perak government has agreed to supply water to Penang through the Kerian Integrated Green Industrial Park to Seberang Perai.

Perak has agreed to supply water to Penang, says Anwar

Prime Minister Datuk Seri Anwar Ibrahim described foreign media reports regarding fuel subsidy cuts as unethical, and said that no final decision had been made at the Cabinet level regarding the issue.

Anwar lambasts foreign media over reports on fuel subsidy cut

The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, Financial Times (FT) reported, citing party insiders.

UK’s Labour to impose VAT on boarding fees, private education — FT

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.

Kedah MB apologises to Anwar, Cabinet over ‘inappropriate remarks’

The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.

Anwar says nod given to conversion of Mada land for industrial, commercial development 

<p>China's Ping An Insurance Group Co, the biggest Asian investor in HSBC did not support reappointing chief executive Noel Quinn as a director to the banks board at the its shareholder meeting, a source familiar with the matter told <i>Reuters</i> on Saturday, as the investor voted against such a move.</p>


Ping An votes against reappointment of HSBC CEO as director — Reuters

<p>Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor apologised to Prime Minister Datuk Seri Anwar Ibrahim and Cabinet ministers who attended the state-level Madani Aidilfitri celebration on Saturday night.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim described foreign media reports regarding fuel subsidy cuts as unethical, and said that no final decision had been made at the Cabinet level regarding the issue.</p>


<p>Warren Buffett said he expects the US government to increase taxes to tackle widening fiscal deficits rather than reduce spending.</p>


Warren Buffett says taxes may rise to offset widening US deficits

<p>Sarawak will consult with Attorney General Datuk Ahmad Terrirudin Mohd Salleh to determine the most appropriate term to replace the word "state" in Sarawak State Legislative Assembly, based on the Federal Constitution.</p>


<p>Labour wins in the UK’s two biggest cities completed a string of local election successes by opposition leader Keir Starmer that showed his party firmly on course for victory at a general election later this year.</p>


Labour mayor wins cap triumphant election run for Starmer

<p>The federal government has agreed in principle to proposals to convert agricultural land within the Muda Agricultural Development Authority (Mada) area for industrial and commercial development.</p>


<p>The UK’s Labour Party is set to impose value-added tax (VAT) on boarding fees as well as private education in the country if it wins the next election, <i>Financial Times</i> (FT) reported, citing party insiders.</p>


<p>US Treasury Secretary Janet Yellen acknowledged sharp moves in the value of the yen this week, even as she declined to say whether Japan had intervened to support the currency.</p>


Yellen counsels caution on currency intervention after yen surge

<p>Datuk Seri Anwar Ibrahim has urged all implementing agencies, particularly ministries, to prioritise the training of young people on artificial intelligence (AI) so that the country does not fall behind in this field.</p>


<p>The Perak government has agreed to supply water to Penang through the Kerian Integrated Green Industrial Park to Seberang Perai.</p>


<p>Paytm appointed new business executives as the troubled fintech firm’s chief operating officer resigned.</p>


Paytm appoints new executives as COO resigns

<p>The Ministry of Home Affairs (KDN) is currently formulating a strategy to enhance use of technology, particularly artificial intelligence (AI), for stricter border control measures.</p>


<p>Prime Minister Benjamin Netanyahu's cabinet decided on Sunday to shut down <i>Al Jazeera</i>'s operations in Israel for as long as the war in Gaza continues, on the grounds the Qatari television network threatens national security.</p>


<p>Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah will undertake a state visit to Singapore on May 6 and 7, 2024 at the invitation of the republic's President Tharman Shanmugaratnam.</p>
