PETALING JAYA: Khazanah Nasional Bhd has placed out 53.8 million shares in Telekom Malaysia Bhd (TM) at RM5.80 each, raising gross proceeds of RM312mil.
In a statement yesterday, the sovereign wealth fund said the placement price represented a 3% discount to TM’s closing market price of RM5.98 on April 14,2021.
“The share placement exercise is part of Khazanah’s ongoing efforts to rebalance its portfolio and recycle its investments from existing assets into new assets, including those that are strategic to the country’s future.
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