The notice is expected to be served on Maxis by Thursday.
Maxis requested Monday that its shares be suspended from trading on the exchange.
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The shares closed Friday at 13.00 ringgit (3.80 dollars).
The company, which provides voice and data telecommunications services, posted a net profit of 2.10 billion ringgit in 2006.
Its also owns mobile firms Aircel in India and PT Natrindo Telepon Selular in Indonesia.
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Apart from Maxis, Malaysia tycoon Ananda has publicly traded interests in the country's pay TV operator, Astro.