Tenaga tumbles to three-year low after Khazanah share placement

-A +A

KUALA LUMPUR (April 11): Tenaga Nasional shares decline to lowest since Oct 9, 2015 after Khazanah sells 85 million shares of the utility at low end of its indicative range.

* Shares drop 2.4% to RM12.28 at 9:34 a.m. in Kuala Lumpur, second day of losses

* NOTE: Khazanah sells 85 million Tenaga shares at RM12.33 apiece, according to terms for the deal obtained by Bloomberg

** Shares were offered at RM12.33 to RM12.58 each, according to earlier terms