Notice of Interest Sub. S-hldr (29B) - Usaha Tegas Equity Sdn Bhd ("UTE")

Back Dec 27, 2013

Particulars of substantial Securities Holder


Usaha Tegas Equity Sdn Bhd ("UTE")
Address Level 39, Menara Maxis, Kuala Lumpur City Centre, 50088 Kuala Lumpur
NRIC/Passport No/Company No. 209844-K
Nationality/Country of incorporation Malaysia
Descriptions (Class & nominal value) Ordinary shares of RM0.10 each in Maxis Berhad ("Maxis Shares")
Name & address of registered holder Maxis Communications Berhad (“MCB”)
Level 18, Menara Maxis,
Kuala Lumpur City Centre,
Off Jalan Ampang,
50088 Kuala Lumpur

Details of changes

Currency: Malaysian Ringgit (MYR)

Type of transaction Date of change
No of securities
Price Transacted (RM)
Others 20/12/2013


Description of other type of transaction Please refer to column "Circumstances by reason of which changed has occured"
Circumstances by reason of which change has occurred Change in particulars of UTE's deemed interest in the 4,875,000,000 Maxis Shares following the disposal of the 4,875,000,000 Maxis Shares by MCB (a wholly-owned subsidiary of Binariang GSM Sdn Bhd (“BGSM”)) to BGSM Equity Holdings Sdn Bhd (“BGSM Equity”) (an indirect wholly-owned subsidiary of MCB and BGSM) pursuant to a Share Purchase Agreement dated 20 December 2013 entered into between MCB and BGSM Equity (“SPA”). The SPA was entered into pursuant to an internal corporate restructuring exercise undertaken by BGSM group of companies, as part of an overall debt refinancing exercise.

This internal corporate restructuring involves an intra-group transfer to BGSM Equity of the entire 4,875,000,000 Maxis Shares owned by MCB. Consequently, there is no change in the effective shareholding of BGSM and MCB respectively, after this internal corporate restructuring.

On completion of the SPA, the 4,875,000,000 Maxis Shares will be registered in the name of BGSM Equity.

BGSM holds 100% equity interest in MCB, which in turn holds 100% equity interest in BGSM Management Sdn Bhd (“BGSM Management”). BGSM Management holds 100% equity interest in BGSM Equity, which will be the registered holder of 4,875,000,000 Maxis Shares representing approximately 64.97% of the total issued and paid-up share capital of Maxis.

UTE’s deemed interest in the Maxis Shares arises by virtue of UTE holding 100% equity interest in each of Wilayah Bintang Sdn. Bhd., Tegas Mahsuri Sdn. Bhd., Besitang (M) Sdn. Bhd. and Besitang Utara Sdn. Bhd., which in turn holds 100% equity interest in Wilayah Resources Sdn. Bhd., Tegas Puri Sdn. Bhd., Besitang Barat Sdn. Bhd. and Besitang Selatan Sdn. Bhd. (collectively, “UT Subsidiaries”) respectively.

The UT Subsidiaries hold in aggregate 37% equity interest in BGSM.
Nature of interest Deemed interest
Direct (units)  
Direct (%)  
Indirect/deemed interest (units) 4,875,000,000 
Indirect/deemed interest (%) 64.97 
Total no of securities after change 4,875,000,000
Date of notice 27/12/2013

Remarks :
This announcement is based on the information in the Notice of Change in the Interests of Substantial Shareholder (Form 29B) dated 27 December 2013 and received by the Company on even date.


Announcement Info

Company Name MAXIS BERHAD  
Stock Name MAXIS    
Date Announced 27 Dec 2013  
Category Changes in Substantial Shareholder's Interest Pursuant to Form 29B of the Companies Act. 1965
Reference No MM-131227-87B4A