KUALA LUMPUR: Khazanah Nasional Bhd's 66 million shares of Malaysia Airports Holdings Bhd (MAHB) were placed out at RM6 each.
The share placement of the 6% stake raised gross proceeds of RM396 million for Khazanah, said RHB Investment Bank Bhd.
'There was strong demand from both foreign and domestic institutional investors for the placement,' said the investment bank.
RHB Investment Bank, HSBC and Nomura Singapore Limited were the joint placement agents.
'This placement will reduce Khazanah's shareholding from 60% to 54%.'' The placement price represents a 2.9% discount to the 3-day VWAP of RM6.18. MAHB's share price has gained 54.2% year-to-end, outperforming the benchmark FBM KLCI Index which is up 20.1%,' it said.
The share placement of the 6% stake raised gross proceeds of RM396 million for Khazanah, said RHB Investment Bank Bhd.
'There was strong demand from both foreign and domestic institutional investors for the placement,' said the investment bank.
RHB Investment Bank, HSBC and Nomura Singapore Limited were the joint placement agents.
'This placement will reduce Khazanah's shareholding from 60% to 54%.'' The placement price represents a 2.9% discount to the 3-day VWAP of RM6.18. MAHB's share price has gained 54.2% year-to-end, outperforming the benchmark FBM KLCI Index which is up 20.1%,' it said.
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