Khazanah selling Tenaga stake worth up to RM418.5m

State investor Khazanah Nasional Bhd is selling 50 million shares worth up to RM418.5 million in Malaysia’s largest power utility Tenaga Nasional Bhd, two banking sources said.

The shares are being priced at between RM8.12 and RM8.37, said the sources who have direct knowledge of the deal, which is equivalent to a discount of about three percent to the closing price of Tenaga’s shares today.

The sale will reduce Khazanah’s stake in the power company to 32.56 per cent from 33.46 per cent currently, according to Thomson Reuters data.

CIMB Group Holdings Bhd and Deutsche Bank are the joint bookrunners on the sale, the sources said. – Reuters


Selling Stake in Tenaga to "cover" recently concluded election expenses

This post has been edited by davinz18: Jun 3 2013, 06:35 PM

will TNB share go past rm10 mark???

Good chance if the government allow them to increase the electricity tariff. But bad for us consumers as need to pay more for electricity.

And when it hikes, they will keep telling us to "ubah gaya hidup". And GST waiting too ...

But quite a good stock if they manage to implement it ...

Today (23/9/13) closed at RM9.05, up 1c

Re-post question here...

Im holding tenaga stock.. budget 2014 will be announced soon, and looking gud for tenaga.. and they will announce profit on 30th Okt..

Should i sell in between budget 2014 and 30th okt.. Fren told, stock price will fall after announce profit and declare dividen.. Wat u guys tink?

TNB hits high on possible FCPT

http://www.theedgemalaysia.com/business-ne...ementation.html

Tenaga Nasional declares final dividend of 15 sen/share

TENAGA Analysis – http://lcchong.wordpress.com/2013/10/31/te...is-31-oct-2013/

Quarterly rpt on consolidated results for the financial period ended 31/8/2013

http://www.bursamalaysia.com/market/listed...cements/1448901

CIMB Investment Bank Bhd and Credit Suisse (Singapore) Ltd, as joint bookrunners, have today successfully completed a placement of 112 million existing shares, representing a 2% stake in Tenaga Nasional Bhd.

The shares were placed out at RM14.50 each, and raised gross proceeds of RM1.62 billion for Khazanah Nasional Bhd.

This post has been edited by nexona88: Jan 29 2015, 09:47 PM

tenaga ada tenaga

10sen Interim Single-Tier Dividend, Payment on 29 May