Khazanah raises RM312m from TM share placement

Khazanah Nasional Bhd has completed a placement of 53.8 million shares in Telekom Malaysia Bhd (TM) at RM5.80 per share, raising gross proceeds of RM312 million

In a statement today, Khazanah said the placement price represents a 3.0 per cent discount to the closing market price of RM5.98 on April 14, 2021.