Khazanah to sell stake in DiGi
KUALA LUMPUR: Khazanah Nasional Bhd is selling up to RM293.5 million worth of shares in mobile phone operator DiGi.Com Bhd, according to a term sheet seen by Reuters yesterday.
The shares are being priced at a range between RM4.80 and RM4.97 per share, the sheet shows, representing up to 3.4 per cent discount to the closing price of RM4.97 yesterday.
The deal will see Khazanah ceasing 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. Reuters
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