Khazanah raises proceeds of RM535.5mil from CIMB share placement

KUALA LUMPUR: Khazanah Nasional Bhd has accomplished a placement of 105 million shares or 1% fairness in CIMB Group Holdings Bhd at RM5.10 a share, elevating gross proceeds of RM535.5mil.

In an announcement, it mentioned the position worth was a 3.4% low cost to the closing market worth of RM5.28 on April 13, 2022.

It added that the shares had been positioned out to government-linked funds, each home and international long-only account and multi-strategy funds.

“The share placement train is a part of Khazanah’s on-going efforts to rebalance its portfolio and recycle its investments into new belongings in Malaysia and globally, together with new investments beneath Dana Impak.

“According to Khazanah’s new long-term technique in advancing Malaysia’s financial system and society beneath Advancing Malaysia, Dana Impak is meant to catalyse new progress areas, construct Malaysia’s financial competitiveness and enhance nationwide resilience while driving socio-economic outcomes,” it mentioned.

Following the position, Khananah stays the one largest shareholder in CIMB with 24.7% stake.

CIMB and Credit score Suisse had been joint e book runners for the share placement train.


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