TNB down following Khazanah’s share placement
PETALING JAYA: Tenaga Nasional Bhd 
(TNB) shares plunged to a three-year low after major shareholder Khazanah Nasional Bhd offered to sell TNB shares under a share placement to raise RM1.05bil.
At 5pm yesterday, TNB shares fell 52 sen to RM12.16.
The company’s share price saw almost RM3bil being erased from its market capitalisation to RM68.58bil, after its shares slumped to the lowest since March 2016.
The fall in the power giant’s share price erased 5.12 points from the FBM KLCI, making it the biggest drag on the index.
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