Malaysian sovereign wealth fund Khazanah Nasional Bhd on Friday said it divested 172.3 million shares in telco player Telekom Malaysia Bhd (TM), raising gross proceeds of 735.7 million ringgit ($168.6 million).
The placement price of 4.27 ringgit per share represents a 3.61 per cent discount to TM’s closing price of 4.43 ringgit on Thursday, the fund said in a statement.
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