Malaysia’s Khazanah raises $75.6m from Telekom Malaysia share placement

Malaysia’s Khazanah raises $75.6m from Telekom Malaysia share placement

The Khazanah Nasional Berhad logo is displayed on a laptop. Photo: Thitikorn Suksao/DealStreetAsia

Malaysian sovereign wealth fund Khazanah Nasional announced on Thursday that it has completed a placement of 53.8 million shares in national telecommunications company Telekom Malaysia Bhd (TM) at 5.80 ringgit per share, raising gross proceeds of 312 million ringgit ($75.63 million).