September 12, 2009

CIMB Investment Bank places out 55m MAHB shares

Written by Joseph Chin
Friday, 11 September 2009 19:28

KUALA LUMPUR: CIMB Investment Bank Bhd placed out 55 million shares of Malaysia Airports Holdings Bhd (MAHB) on behalf of Khazanah Nasional Bhd on Thursday, Sept 10.

CIMB said on Sept 11 it was the sole placement agent and sole book runner for the placement exercise, confirming The Edge FinancialDaily report that Khazanah was the possible seller of the shares at RM3.30 apiece for RM181.5 million.

"The placement was marketed to institutional investors and priced at RM3.30, representing a tight discount of 2.37% to the closing price on Sept 9," it said.

Upon completion of the placement exercise, Khazanah's shareholding in MAHB was reduced from 72.7% to 67.7%.

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Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;

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