(6012.KU) said Monday it plans to issue 300 million new shares in an effort to strengthen its financial position. The actual amount of proceeds to be raised from the proposed private placement can't be determined at this juncture, Maxis said in a local stock exchange filing. Continue Reading Below ADVERTISEMENTMaxis said its board expects the proposed private placement to be completed by end of July 2017. CIMB is the principal adviser, joint global coordinator and joint bookrunner for the deal. Credit Suisse is also the joint global coordinator and joint bookrunner, according to the filing.

Source: Wall Street Journal June 19, 2017 07:30 UTC