Tuesday, July 26, 2011

TM places out 92.3m Axiata shares for RM468m

KUALA LUMPUR: TELEKOM MALAYSIA BHD []'s unit has placed out 92.36 million Axiata Group Bhd at RM5.07 a share and raised gross proceeds of RM468.3 million.

TM said its unit TM ESOS Management Sdn Bhd had on Tuesday, July 26 completed the bookbuilding exercise of Axiata shares.

It said the shares were placed out to successful third-party foreign institutional investors. Following the placement, it only owned 807 shares.

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