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Malaysia's Khazanah to sell DiGi stake -term sheet

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Malaysia's Khazanah to sell DiGi stake -term sheet Empty Malaysia's Khazanah to sell DiGi stake -term sheet

Post by Cals Wed 09 Oct 2013, 01:53

Malaysia's Khazanah to sell DiGi stake -term sheet
Business & Markets 2013
Written by Reuters   
Tuesday, 08 October 2013 19:24
KUALA LUMPUR (Oct 8): Malaysia's state investor Khazanah Nasional Bhd is selling up to 293.5 million ringgit ($92.02 million) worth of shares in mobile phone operator DIGI.COM BHD [], according to a term sheet seen by Reuters on Tuesday.

The shares are being priced at a range between 4.80 and 4.97 ringgit per share, the sheet shows, representing upto 3.4 percent discount to the closing price of 4.97 on Tuesday.

The deal will see Khazanah cease to be a shareholder in the country's third largest mobile phone operator, which is controlled by Norway's Telenor.
CIMB is the sole bookrunner on the share sale, the term sheet showed. ($1 = 3.1895 Malaysian ringgits)
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Post by kppl Wed 09 Oct 2013, 01:58

no good for DIGI?...Hmm...
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Post by Cals Wed 09 Oct 2013, 02:01

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Post by kppl Wed 09 Oct 2013, 02:26

still holding strong Thumbs Up
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