Tenaga, Serba Dinamik blocks swell on strong demand

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By Jonathan Breen
24 Apr 2020

Khazanah Nasional's sell-down in Malaysian electricity company, Tenaga Nasional, and Serba Dinamik Holdings' primary share placement both received a big thumbs-up from investors on Thursday, allowing them to boost the deal sizes.

Malaysian sovereign wealth fund Khazanah hit the market on Thursday looking to sell a 1.3% stake in Tenaga, the country’s dominant state-backed electricity company. Khazanah is the controlling shareholder in the utilities provider. 

Bookrunners CIMB and Credit Suisse opened an accelerated bookbuild for the block after local markets ...

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