Mitsubishi Motors Corp had offered its entire stake of 44 million shares in Perusahaan Otomobil Nasional Bhd (Proton) for sale through a book-building exercise and all the shares were snapped up yesterday, sources said.
The sale of this stake, which forms 7.9% of Proton's issued share capital, was conducted by Commerce International Merchant Bankers B hd (CIMB) as the sole book-runner. The placement was several times oversubscribed.
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