, Malaysia

Here's CIMB and Deutsche Bank's latest share placement completion

A placement of 60 million existing shares in Tenaga Nasional has been completed.

According to a release, CIMB and Deutsche Bank, as joint placement agents, have today successfully completed a placement of 60 million existing shares in Tenaga Nasional Berhad, representing approximately 1.1% of its paid up share capital, at RM6.78 per share, raising gross proceeds of RM406.8 million for Khazanah Nasional Berhad. The placement price represents a 2.0% discount to the closing market price on 11 December 2012.

In the last twelve months, Tenaga’s share price has gained approximately 26.1%, outperforming the benchmark FBM KLCI Index which is up 12.4%. There was strong demand from both domestic and foreign institutional investors for the placement.
 

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!