Kuala Lumpur's Mr. Big - Buying Maxis Communications ?
English Version
Minority shareholders of Maxis Communications Bhd stand to make a handsome profit from the company's privatisation exercise after T. Ananda Krishnan offered to buy their shares back at RM15.60 each. This means that an investor who had bought 1,000 Maxis shares at RM13 each just before trading was suspended on Monday will make RM2,600, or a 20% gain on his investment. Those who bought the same number of shares in Dec 29, when each share was at RM10.20, would make a RM5,400 or 53% gain. Maxis, whose initial public offer was priced at RM4.36, was listed on Bursa Malaysia on July 8, 2002. If a shareholder had kept his shares from that time, his gain would be 301%, including dividend payments. However, the shareholders would only realise their gains if Binariang GSM Sdn Bhd, a company set up for this exercise, gets 75% acceptance from shareholders, or an additional 15.5% of minority shares. At RM15.60, Ananda – who, through Usaha Tegas which he controls, and bumiputra trustee companies collectively hold 59% interest in Maxis – will have to fork out RM16.4bil to buy the 41% remaining stake in Maxis. The 41% amounts to 1.047 billion shares. Foreign fund managers are said to be holding substantial blocks of the shares. The entire privatisation of Maxis is valued at RM39.9bil, making it one of the largest ever buy-out transactions in the Asia Pacific, according to CIMB group chief executive Datuk Nazir Razak.
Bahasa Melayu Version
Tokoh korporat terkenal, T. Ananda Krishnan, melalui syarikat miliknya dan syarikat bersekutu, hari ini mengumumkan tawaran pembelian saham Maxis Communications Bhd. (Maxis) bernilai RM39.9 bilion dalam satu urus niaga korporat yang merupakan antara pembelian (buyout) terbesar di rantau Asia Pasifik. Pembelian itu yang terbesar di Malaysia melibatkan pembayaran secara tunai RM15.60 sesaham atau pada premium sebanyak RM2.60 sesaham bagi mendapatkan saham Maxis yang belum dimiliki. Kali terakhir saham syarikat itu diniagakan 27 April lalu, adalah pada harga RM13 sesaham. Urus niaga melibatkan 2.56 bilion saham itu merupakan yang paling besar mengatasi pengambilan alih Malakoff Bhd. bernilai RM9.3 bilion oleh MMC Corporation Bhd. yang dimiliki oleh tokoh korporat terkenal, Tan Sri Syed Mokhtar Al-Bukhary. Pembelian kepentingan Maxis yang menyaksikan sahamnya di Bursa Malaysia kini digantung sempena pengumuman itu, dilakukan melalui Binariang GSM Sdn. Bhd. (Binariang), syarikat yang dikuasai bersama oleh Ananda melalui Usaha Tegas Sdn. Bhd. (UTSB) dan sebilangan pemegang amanah bumiputera (BTC). Syarikat induk BTC ialah Harapan Nusantara Sdn. Bhd. UTSB dan BTC memegang 59 peratus kepentingan dalam Maxis manakala bakinya dipegang oleh para pemegang saham minoriti. Bagi membiayai pembelian itu, Binariang akan menerbitkan bon Islam yang akan diuruskan oleh CIMB Investment Bank Bhd. dan ABN Ambro, penasihat bersama cadangan itu. Pada harga tawaran RM15.60, saham minoriti bernilai pada RM16.40 bilion, menjadikan pulangan keseluruhan pemegang kepentingan 301 peratus (termasuk dividen) atau kadar pulangan dalaman sebanyak 36 peratus setahun. Harga itu juga mewakili premium 20 peratus sejak saham digantung sementara dan premium 43 peratus bagi harga purata wajaran dagangan selama enam bulan sebanyak RM10.88. Pengerusi Binariang, Datuk Raja Arshad Raja Tun Uda berkata, harga tawaran itu juga meletakkan nilai saham Maxis pada kedudukan tertinggi sejak disenaraikan di Bursa Malaysia pada bulan Julai 2002. Beliau berkata, tawaran tersebut juga meletakkan nilai saham Maxis pada kadar 18.7 kali daripada pendapatan tahun lalu. Raja Arshad berkata, pengambilan alih sepenuhnya Maxis itu akan meningkatkan nilai pemegang saham dan memberi peluang kepada syarikat itu menjadi lebih baik dan menarik pada masa depan. Katanya, Maxis akan kekal menjadi syarikat Malaysia yang terus beroperasi di negara ini dengan penyertaan bumiputera yang lebih besar. “Proses ini juga membolehkan Maxis disenaraikan semula di bursa tempatan apabila kami mencapai profil kewangan yang lebih teguh kelak,” katanya pada sidang akhbar di sini hari ini. Turut hadir Ketua Eksekutif Kumpulan CIMB, Datuk Nazir Razak. Sementara itu, Nazir berkata, para pemegang saham yang memiliki saham Maxis sejak tawaran awal permulaan pada bulan Julai 2002 akan menikmati jumlah pulangan sebanyak 301 peratus (termasuk dividen) mewakili kadar pulangan dalaman sebanyak 36 peratus. Tambah beliau, UTSB dan BTC serta sekutu-sekutunya setakat ini telah bersetuju dengan tawaran berkenaan.
English Version
Minority shareholders of Maxis Communications Bhd stand to make a handsome profit from the company's privatisation exercise after T. Ananda Krishnan offered to buy their shares back at RM15.60 each. This means that an investor who had bought 1,000 Maxis shares at RM13 each just before trading was suspended on Monday will make RM2,600, or a 20% gain on his investment. Those who bought the same number of shares in Dec 29, when each share was at RM10.20, would make a RM5,400 or 53% gain. Maxis, whose initial public offer was priced at RM4.36, was listed on Bursa Malaysia on July 8, 2002. If a shareholder had kept his shares from that time, his gain would be 301%, including dividend payments. However, the shareholders would only realise their gains if Binariang GSM Sdn Bhd, a company set up for this exercise, gets 75% acceptance from shareholders, or an additional 15.5% of minority shares. At RM15.60, Ananda – who, through Usaha Tegas which he controls, and bumiputra trustee companies collectively hold 59% interest in Maxis – will have to fork out RM16.4bil to buy the 41% remaining stake in Maxis. The 41% amounts to 1.047 billion shares. Foreign fund managers are said to be holding substantial blocks of the shares. The entire privatisation of Maxis is valued at RM39.9bil, making it one of the largest ever buy-out transactions in the Asia Pacific, according to CIMB group chief executive Datuk Nazir Razak.
Bahasa Melayu Version
Tokoh korporat terkenal, T. Ananda Krishnan, melalui syarikat miliknya dan syarikat bersekutu, hari ini mengumumkan tawaran pembelian saham Maxis Communications Bhd. (Maxis) bernilai RM39.9 bilion dalam satu urus niaga korporat yang merupakan antara pembelian (buyout) terbesar di rantau Asia Pasifik. Pembelian itu yang terbesar di Malaysia melibatkan pembayaran secara tunai RM15.60 sesaham atau pada premium sebanyak RM2.60 sesaham bagi mendapatkan saham Maxis yang belum dimiliki. Kali terakhir saham syarikat itu diniagakan 27 April lalu, adalah pada harga RM13 sesaham. Urus niaga melibatkan 2.56 bilion saham itu merupakan yang paling besar mengatasi pengambilan alih Malakoff Bhd. bernilai RM9.3 bilion oleh MMC Corporation Bhd. yang dimiliki oleh tokoh korporat terkenal, Tan Sri Syed Mokhtar Al-Bukhary. Pembelian kepentingan Maxis yang menyaksikan sahamnya di Bursa Malaysia kini digantung sempena pengumuman itu, dilakukan melalui Binariang GSM Sdn. Bhd. (Binariang), syarikat yang dikuasai bersama oleh Ananda melalui Usaha Tegas Sdn. Bhd. (UTSB) dan sebilangan pemegang amanah bumiputera (BTC). Syarikat induk BTC ialah Harapan Nusantara Sdn. Bhd. UTSB dan BTC memegang 59 peratus kepentingan dalam Maxis manakala bakinya dipegang oleh para pemegang saham minoriti. Bagi membiayai pembelian itu, Binariang akan menerbitkan bon Islam yang akan diuruskan oleh CIMB Investment Bank Bhd. dan ABN Ambro, penasihat bersama cadangan itu. Pada harga tawaran RM15.60, saham minoriti bernilai pada RM16.40 bilion, menjadikan pulangan keseluruhan pemegang kepentingan 301 peratus (termasuk dividen) atau kadar pulangan dalaman sebanyak 36 peratus setahun. Harga itu juga mewakili premium 20 peratus sejak saham digantung sementara dan premium 43 peratus bagi harga purata wajaran dagangan selama enam bulan sebanyak RM10.88. Pengerusi Binariang, Datuk Raja Arshad Raja Tun Uda berkata, harga tawaran itu juga meletakkan nilai saham Maxis pada kedudukan tertinggi sejak disenaraikan di Bursa Malaysia pada bulan Julai 2002. Beliau berkata, tawaran tersebut juga meletakkan nilai saham Maxis pada kadar 18.7 kali daripada pendapatan tahun lalu. Raja Arshad berkata, pengambilan alih sepenuhnya Maxis itu akan meningkatkan nilai pemegang saham dan memberi peluang kepada syarikat itu menjadi lebih baik dan menarik pada masa depan. Katanya, Maxis akan kekal menjadi syarikat Malaysia yang terus beroperasi di negara ini dengan penyertaan bumiputera yang lebih besar. “Proses ini juga membolehkan Maxis disenaraikan semula di bursa tempatan apabila kami mencapai profil kewangan yang lebih teguh kelak,” katanya pada sidang akhbar di sini hari ini. Turut hadir Ketua Eksekutif Kumpulan CIMB, Datuk Nazir Razak. Sementara itu, Nazir berkata, para pemegang saham yang memiliki saham Maxis sejak tawaran awal permulaan pada bulan Julai 2002 akan menikmati jumlah pulangan sebanyak 301 peratus (termasuk dividen) mewakili kadar pulangan dalaman sebanyak 36 peratus. Tambah beliau, UTSB dan BTC serta sekutu-sekutunya setakat ini telah bersetuju dengan tawaran berkenaan.
--------------------------------------------------------------------------------
About Maxis Communications
Maxis Communications Berhad is a mobile phone service provider based in Malaysia. It was started in the year 1995. It uses the dialling prefix identifier of "012", "0142" and "017". Their mobile services are provided over the 900 & 1800 MHz GSM band and as July 2005, the 2100 MHz UMTS band. Maxis provides a variety of mobile communication products and services. They offer prepaid call plans, monthly subscription plans, global roaming, MMS, WAP (over both GSM and GPRS), Residential Fixed Line services, Broadband Internet plans, and as of early 2005, 3G services to both pre-paid and subscription customers. For business customers, Maxis offer VSAT services (satellite based communications) and Blackberry based mobile services besides regular services. Maxis also provides an online Music store for its customers to download multimedia content. Maxis' most popular service is its prepaid "HOTLINK" brand that currently serves 6.3 million customers in Malaysia. They are currently heavily promoting a new IDD 132 service, which offers discounted calls to landlines in selected countries, at a rate of 20 sen (roughly 6 US cents) per minute which is, at certain times for many subscribers, even cheaper than a local call. Maxis is currently involved in a price war with its competitors (particularly DiGi) in the pre-paid SIM market which has driven its Hotlink starter pack prices down to RM 6 (about USD$1.2). In 2002, Maxis purchased Timecel, a rival mobile service provider, from TimedotCom Berhad. Prior to the purchase, Maxis offered phone numbers beginning with 012, and TimeCell 017. Now, subscribers can choose between the two. In 1999, Maxis introduced the popular pre-paid brand "Hotlink", which currently has 6.3 Million customers. On April 27, 2007, an offer was made to buy out Maxis and privatise the company in preparation for expansions into the Indonesian and Indian markets. The deal was offered by Ananda Krishnan, who pledged Maxis RM17.46 billion (US$5.1 billion) in exchange for all remaining shares of the company. The offer is to be formally made by Usaha Tegas, a company owned by Krishnan, on May 3, 2007, while the Kuala Lumpur Stock Exchange suspends trading of the company's shares until May 3. There are many celebrities had agreed as Maxis Spokesperson.They are big names such as Siti Nurhaliza, all the Akademi Fantasia's stars, and many more.
Maxis Communications is part of Ananda Krishnan's business empire. In 1996, the company launched Malaysia's first two satellites; MEASAT 1, 2 and 3. A fourth satellite, MEASAT 1R, is currently under construction
Maxis is the largest mobile phone operator in Malaysia. But it does face competition from Telekom Malaysia's (tm) Celcom and also DiGi.
--------------------------------------------------------------------------------
About T. Ananda Krishnan @ T.A.K
Tatparanandam Ananda Krishnan, born 1938) is a Malaysian businessman and philanthropist. Nicknamed T.A.K, he is currently estimated to worth about US$6 billion, making him the second wealthiest man in Southeast Asia (and world's 119th). He is a regular feature in Forbes' Billionaire list. Ananda Krishnan hates public exposure and is known to maintain a very low profile for a person of his stature. However, his hugely successful business activities always thrust him into the limelight and his name represents a huge business empire. He was born in 1938 in Brickfields, Kuala Lumpur's "Little India" to a Tamil immigrant family from Sri Lanka and is of Sri Lankan Tamil descent (Ceylonese/Jaffnese). Ananda Krishnan studied at Vivekananda Tamil School in Kuala Lumpur and furthered his studies at Victoria Instituition, Kuala Lumpur. Later, he attended University of Melbourne, Australia for his B.A. (Honours) degree majoring in political science. Following that, Krishnan obtained a Masters in Business Administration at Harvard University, graduating in 1964. Ananda Krishnan’s first entrepreneurial venture was in oil trading, setting up Exoil Trading, which went on to purchase oil drilling concessions in various countries. Later he moved into gambling (in Malaysia), stud farming (in Australia) and running a Hollywood cartoon studio. Soon, he diversified into a host of other business opportunities. In the early part of the 1990s, he started diversifying, in a big way, into the multimedia arena. Currently, he has business interests in entertainment (Astro), space(3 Satellites) , oil, power, shipping, telecommunications (Maxis - Malaysia, Aircell - India), property and gaming (Pan Pools Malaysia). His companies operate in a most parts of the South East Asia. A quarter of his wealth comes from the gambling business (lottery, horse-racing wagering).He is also said to be behind the world's largest indoor Water Park in Tropical Islands,Germany with former Genting Group executive Colin Au.He is also pondering an online lottery venture in Russia. Said to have an extraordinary entrepreneurial flair and far sighted, it was Ananda who sold former Malaysian Prime Minister Tun Dr. Mahathir Mohamad on the idea of the 88-storey Petronas Twin Towers, the world's second tallest building, which stake he has now sold off.
Fortune magazine, in a 2001 article, called him "Kuala Lumpur's Mr Big"
He first came to prominence by helping to organize the Live Aid concert with Bob Geldof in the mid-1980s. In the early 1990s, he began building a multimedia empire that now includes two Telecommunication companies - Maxis Communications and MEASAT Broadcast Network Systems - and has three communication satellites circumnavigating the earth. He also effected the purchase of 46% of Maxis Communications, the country's largest cellular phone company, from British Telecom and AT&T for $680 million - raising his stake to 70%. Maxis has more than eight million subscribers, with more than 40% market share in Malaysia. Recently, Maxis has acquired AirCel, Tamil Nadu's largest cellular phone company and has plans to expand to rest of India. Maxis is also under negotiation to buy over and expand an Indonesian cellular phone company. He is also the head of Astro All Asia Networks Plc, the only company currently providing a DIRECT to HOME TV satellite service in Malaysia. ASTRO ALL ASIA NETWORKS Plc (accessed 18th August 2006). It currently broadcasts to Malaysia, Brunei and Indonesia. In an agreement between Astro and India's Sun Network, Ananda plans to produce TV channels which cater to the Indian market, especially Tamil diaspora in countries such as US and Europe. Ananda also plans to offer TV services featuring Web-based interactivity. Ananda Krishnan owns stakes in TVB.com (the interactive arm of Hong Kong's main broadcaster) and the Shaw Brothers' movie archives, which holds more than 800 movie titles. He also operates a chain of TGV multiplex theatres. Ananda Krishnan has been called everything from a recluse to a humble, silent worker. Not much is known about him and his tightly guarded private life because he maintains such a low profile. He is said to be the brother of late-Singapore billionaire Eliyathamby. He is known to be apolitical. But he is also a close friend of both former Malaysian Prime Minister Tun Dr. Mahathir Mohamad and Mahathir's former arch-foe Tengku Razaleigh Hamzah. He brokered the peace deal and healed the political rift between them a few years ago. He is also known to be generous and donates to charities and temples as well as has established scholarships for the deserving. In 2005, newspapers reported that he had given away RM160 million to charities through his privately owned Usaha Tegas group of companies.Despite his wealth he still maintains and stays in his family's Minangkabau styled mansion in Kuala Lumpur.He was one of the earliest tycoon to own a Dassault Falcon private jet.
Note: No unnecessary comments please :)
About Maxis Communications
Maxis Communications Berhad is a mobile phone service provider based in Malaysia. It was started in the year 1995. It uses the dialling prefix identifier of "012", "0142" and "017". Their mobile services are provided over the 900 & 1800 MHz GSM band and as July 2005, the 2100 MHz UMTS band. Maxis provides a variety of mobile communication products and services. They offer prepaid call plans, monthly subscription plans, global roaming, MMS, WAP (over both GSM and GPRS), Residential Fixed Line services, Broadband Internet plans, and as of early 2005, 3G services to both pre-paid and subscription customers. For business customers, Maxis offer VSAT services (satellite based communications) and Blackberry based mobile services besides regular services. Maxis also provides an online Music store for its customers to download multimedia content. Maxis' most popular service is its prepaid "HOTLINK" brand that currently serves 6.3 million customers in Malaysia. They are currently heavily promoting a new IDD 132 service, which offers discounted calls to landlines in selected countries, at a rate of 20 sen (roughly 6 US cents) per minute which is, at certain times for many subscribers, even cheaper than a local call. Maxis is currently involved in a price war with its competitors (particularly DiGi) in the pre-paid SIM market which has driven its Hotlink starter pack prices down to RM 6 (about USD$1.2). In 2002, Maxis purchased Timecel, a rival mobile service provider, from TimedotCom Berhad. Prior to the purchase, Maxis offered phone numbers beginning with 012, and TimeCell 017. Now, subscribers can choose between the two. In 1999, Maxis introduced the popular pre-paid brand "Hotlink", which currently has 6.3 Million customers. On April 27, 2007, an offer was made to buy out Maxis and privatise the company in preparation for expansions into the Indonesian and Indian markets. The deal was offered by Ananda Krishnan, who pledged Maxis RM17.46 billion (US$5.1 billion) in exchange for all remaining shares of the company. The offer is to be formally made by Usaha Tegas, a company owned by Krishnan, on May 3, 2007, while the Kuala Lumpur Stock Exchange suspends trading of the company's shares until May 3. There are many celebrities had agreed as Maxis Spokesperson.They are big names such as Siti Nurhaliza, all the Akademi Fantasia's stars, and many more.
Maxis Communications is part of Ananda Krishnan's business empire. In 1996, the company launched Malaysia's first two satellites; MEASAT 1, 2 and 3. A fourth satellite, MEASAT 1R, is currently under construction
Maxis is the largest mobile phone operator in Malaysia. But it does face competition from Telekom Malaysia's (tm) Celcom and also DiGi.
--------------------------------------------------------------------------------
About T. Ananda Krishnan @ T.A.K
Tatparanandam Ananda Krishnan, born 1938) is a Malaysian businessman and philanthropist. Nicknamed T.A.K, he is currently estimated to worth about US$6 billion, making him the second wealthiest man in Southeast Asia (and world's 119th). He is a regular feature in Forbes' Billionaire list. Ananda Krishnan hates public exposure and is known to maintain a very low profile for a person of his stature. However, his hugely successful business activities always thrust him into the limelight and his name represents a huge business empire. He was born in 1938 in Brickfields, Kuala Lumpur's "Little India" to a Tamil immigrant family from Sri Lanka and is of Sri Lankan Tamil descent (Ceylonese/Jaffnese). Ananda Krishnan studied at Vivekananda Tamil School in Kuala Lumpur and furthered his studies at Victoria Instituition, Kuala Lumpur. Later, he attended University of Melbourne, Australia for his B.A. (Honours) degree majoring in political science. Following that, Krishnan obtained a Masters in Business Administration at Harvard University, graduating in 1964. Ananda Krishnan’s first entrepreneurial venture was in oil trading, setting up Exoil Trading, which went on to purchase oil drilling concessions in various countries. Later he moved into gambling (in Malaysia), stud farming (in Australia) and running a Hollywood cartoon studio. Soon, he diversified into a host of other business opportunities. In the early part of the 1990s, he started diversifying, in a big way, into the multimedia arena. Currently, he has business interests in entertainment (Astro), space(3 Satellites) , oil, power, shipping, telecommunications (Maxis - Malaysia, Aircell - India), property and gaming (Pan Pools Malaysia). His companies operate in a most parts of the South East Asia. A quarter of his wealth comes from the gambling business (lottery, horse-racing wagering).He is also said to be behind the world's largest indoor Water Park in Tropical Islands,Germany with former Genting Group executive Colin Au.He is also pondering an online lottery venture in Russia. Said to have an extraordinary entrepreneurial flair and far sighted, it was Ananda who sold former Malaysian Prime Minister Tun Dr. Mahathir Mohamad on the idea of the 88-storey Petronas Twin Towers, the world's second tallest building, which stake he has now sold off.
Fortune magazine, in a 2001 article, called him "Kuala Lumpur's Mr Big"
He first came to prominence by helping to organize the Live Aid concert with Bob Geldof in the mid-1980s. In the early 1990s, he began building a multimedia empire that now includes two Telecommunication companies - Maxis Communications and MEASAT Broadcast Network Systems - and has three communication satellites circumnavigating the earth. He also effected the purchase of 46% of Maxis Communications, the country's largest cellular phone company, from British Telecom and AT&T for $680 million - raising his stake to 70%. Maxis has more than eight million subscribers, with more than 40% market share in Malaysia. Recently, Maxis has acquired AirCel, Tamil Nadu's largest cellular phone company and has plans to expand to rest of India. Maxis is also under negotiation to buy over and expand an Indonesian cellular phone company. He is also the head of Astro All Asia Networks Plc, the only company currently providing a DIRECT to HOME TV satellite service in Malaysia. ASTRO ALL ASIA NETWORKS Plc (accessed 18th August 2006). It currently broadcasts to Malaysia, Brunei and Indonesia. In an agreement between Astro and India's Sun Network, Ananda plans to produce TV channels which cater to the Indian market, especially Tamil diaspora in countries such as US and Europe. Ananda also plans to offer TV services featuring Web-based interactivity. Ananda Krishnan owns stakes in TVB.com (the interactive arm of Hong Kong's main broadcaster) and the Shaw Brothers' movie archives, which holds more than 800 movie titles. He also operates a chain of TGV multiplex theatres. Ananda Krishnan has been called everything from a recluse to a humble, silent worker. Not much is known about him and his tightly guarded private life because he maintains such a low profile. He is said to be the brother of late-Singapore billionaire Eliyathamby. He is known to be apolitical. But he is also a close friend of both former Malaysian Prime Minister Tun Dr. Mahathir Mohamad and Mahathir's former arch-foe Tengku Razaleigh Hamzah. He brokered the peace deal and healed the political rift between them a few years ago. He is also known to be generous and donates to charities and temples as well as has established scholarships for the deserving. In 2005, newspapers reported that he had given away RM160 million to charities through his privately owned Usaha Tegas group of companies.Despite his wealth he still maintains and stays in his family's Minangkabau styled mansion in Kuala Lumpur.He was one of the earliest tycoon to own a Dassault Falcon private jet.
Note: No unnecessary comments please :)
Last edited:
