Khazanah reduced stake in Tenaga
Filed Under (Business News) by Webmaster on 11-12-2009
Tagged Under : Khazanah, Tenaga
Malaysia’s state investment arm Khazanah Nasional has raised RM704.7 million (US$207.5 million) after placing out about 87 million shares in national utility Teanga, dealers said today.
The shares were sold at RM8.10 a share, the dealers said.
The placement was part of Khazanah’s plan to reduce its ownership in government-linked companies in a bid to increase market liquidity in those companies and create a more vibrant stock market, the dealers said.
hi i am a newbie where share market is concerned.. i hope u can answer this question.
if i bought 2000 units of a share at rm1 per share, and when the share rise to rm2 per share, how much is the profit i will gain from the share?
Dear Newbie,
A simple arithmatic will show that you will earn RM2,000 but you will have to less the transaction cost of brokerage charges, clearing fees and contract stamp for both when you buy and sell.