Khazanah raises RM664.5m from placing out 138.4m CIMB shares

The sovereign wealth fund said in Friday the 1.4% stake in CIMB was placed out at RM4.80 a share.

KUALA LUMPUR: Khazanah Nasional raised RM664.5mil from placing out 138.4 million shares CIMB Group Holdings Bhd shares.

The sovereign wealth fund said in Friday the 1.4% stake in CIMB was placed out at RM4.80 a share and the proceeds will be used for new investments, including investments under Dana Impak.