Khazanah still owns 36.78% stake in Telekom Malaysia

Khazanah Nasional Bhd remains a major shareholder in TELEKOM MALAYSIA BHD [] with a 36.78% stake after the disposal of 178.87 million shares.

A filing by Telekom Malaysia on Thursday, July 22 showed Khazanah had 1.31 billion shares of the telecommunications company after the disposal of 178.87 million shares on Wednesday.

Maybank Investment Bank Bhd (Maybank IB) and Nomura Singapore Ltd had on Wednesday completed the private placement of 5% stake in TM on behalf of Khazanah.

The private placement was signed on Tuesday but was executed on Wednesday.