Malaysia's Khazanah raises RM664.5m from CIMB Group share placement
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[KUALA LUMPUR] Malaysian sovereign wealth fund Khazanah Nasional said on Friday it had completed a placement of a 1.4 per cent equity stake in CIMB Group Holdings Bhd, raising gross proceeds of RM664.5 million (S$215.3 million).
The share placement is part of Khazanah's on-going efforts to rebalance its portfolio and recycle its investments into new assets in Malaysia and globally, it said in a statement.
REUTERS
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