Malaysiakini News

WSJ: Felda selling part of Maybank stake to raise RM280m

Published:  |  Modified:

Federal Land Development Authority (Felda) is selling part of its stake in Maybank to raise up to RM280 million, The Wall Street Journal reported.

It is offering to sell its Maybank shares for between RM8 and RM8.05 per share, the daily reported. Maybank's shares closed at RM8.05 yesterday.

CIMB Investment Bank is the sole book-runner of the deal, according to a term sheet sighted by the financial daily.

Sign in


Welcome back,

Your subscription expires on
  

Your subscription will expire soon, kindly renew before
  

Your subscription is expired
  Click here to renew

You are not subscribed to any subscription package
  Click here to subscribe now

Any questions?
  Email: [email protected]
  Call: +603-777-00000

Renew