Thursday 28 Mar 2024
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KUALA LUMPUR (April 13): Tenaga Nasional Bhd (TNB) said the government-controlled utility’s foreign shareholding fell to 12.39% as at March 31, 2021 from 12.69% as at end-February 2021.

TNB, however, did not specify in its latest foreign shareholding update the reasons behind the drop in its foreign shareholding as at end-March 2021.

Based on TNB’s update, which specified the company's foreign shareholding as far back as April 2020, the group’s foreign shareholding had fallen for 11 consecutive months since end-April 2020.

As at end-April 2020, TNB said its foreign shareholding stood at 17.01% before falling to 16.53% as at end-May 2020.

On Bursa Malaysia today, TNB’s share price fell two sen or 0.2% at 11:43am to RM10.22 for a market value of about RM58.25 billion.

TNB has 5.7 billion issued shares, according to the group’s latest annual report.

Malaysia's sovereign wealth fund Khazanah Nasional Bhd is TNB’s largest shareholder with a 25.69% stake followed by the Employees Provident Fund’s 17.88% stake, according to TNB’s annual report.

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