Khazanah raises RM736 million through TM share placement
Khazanah says its TM share placement will increase the attractiveness of the telco to other investors. – The Malaysian Insight file pic, May 22, 2020.
KHAZANAH Nasional Bhd has raised RM736 million from a placement of 172 million shares at RM4.27 per share in Telekom Malaysia Bhd. The placement price represents a 3.61% discount to the closing market price of RM4.43 on May 21, 2020, the sovereign wealth fund said in a statement today. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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