PETALING JAYA: Khazanah Nasional Bhd has trimmed its stake in Tenaga Nasional Bhd (TNB) via a RM412mil private placement of 50 million existing shares of the utility giant.
Joint placement agents CIMB Bank and Deutsche Bank said in a statement that the sovereign fund’s sale represented about 0.9% of TNB’s paid-up share capital. The placement agents said the placement price at RM8.24 per share represents a 1.6% discount to the closing market price on Monday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!