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 stated the placement 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.
“In line with Khazanah’s new long-term technique in advancing Malaysia’s financial system and society beneath Advancing Malaysia, Dana Impak is meant to catalyse new development areas, construct Malaysia’s financial competitiveness and improve nationwide resilience while driving socio-economic outcomes,” it stated.
Following the placement, Khananah stays the one largest shareholder in CIMB with 24.7% stake.
CIMB and Credit Suisse had been joint e-book runners for the share placement train.
