Malaysia-based business tycoon plans to buy Maxis for $4.6 billion.(MALAYSIA)

Ananda Krishnan, the second-richest man in Malaysia, has offered to pay $4.6 billion to purchase Maxis Communications, Malaysia's leading phone company.

Krishnan owns 47.05 percent of Maxis, while his affiliates own about 13 percent. He now intends to buy the remaining 40 percent by offering $4.5 per share, according to CIMB Investment Bank. Binariang GSM, which was established by …