More News
WHOLESALE BANKING | Staff Reporter, Malaysia
view(s)

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.
 

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.