CIMB: Sellers multiply as Khazanah trims again

Malaysia’s sovereign wealth fund raised $132 million through its second block sale of CIMB shares since July, and there is still room to cut its stake further.

Shares in CIMB, Malaysia’s second-biggest bank, fell to their lowest level in five months after state investment fund Khazanah Nasional trimmed its stake further through an overnight block trade that raised M$555 million ($132 million).

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media