MAHB plans share placement to raise RM598.4m

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) plans to raise RM598.40 million from a proposed share placement
exercise to finance the new low cost carrier terminal at Kuala Lumpur International Airport (klia2).
MAHB said on Monday it planned to issue 110 million new shares, which was up to 10% of its issued and paid-up share
capital to investors to be identified via a book building exercise.
“Based on a 5% discount to the five-day volume weighted average market price (VWAMP) of MAHB shares up to and
including Jan 27, of RM5.7298, the indicative issue price for the placement shares would be RM5.44,” it said.
MAHB said assuming that the issue price was fixed at RM5.44 per placement share and MAHB issued 110 million new
shares, “the company is expected to raise gross proceeds of approximately RM598.40 million”.
Of the proceeds, MAHB said RM590 million would be used to part finance the additional capex for klia2 while the remaining
RM8.40 million would be used to defray expenses relating to the proposed private placement.