Khazanah raises RM664mil from share placement

The sovereign wealth fund said yesterday that the shares, equivalent to a 1.4% stake in CIMB, were placed out at RM4.80 a share and the proceeds will be used for new investments, including under Dana Impak. The placement price represents a 2.8% discount to the closing market price of RM4.94 on Sept 8, 2021.

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

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