Khazanah sells CIMB shares at RM6.31 each

Companies like CIMB Group Holdings Bhd, Hong Leong Financial Group Bhd (HLFG) and AmBank Group Bhd may have to beef up their capital structures by 2019.

PETALING JAYA: Sovereign wealth fund Khazanah Nasional Bhd, which put a block of shares in CIMB Group Holdings Bhd for sale, has sold the shares at RM6.31 per share, the lower end of the RM6.31-to-RM6.42 range of the offer.

Earlier reports said the block of shares represented 90.5 million shares or 1% of the share capital of the banking and financial services group. Khazanah gained RM571mil from the sale, which indicated a 1.7% discount to the shares.