CIMB: Sellers multiply as Khazanah trims again

Malaysia’s sovereign wealth fund raised $132 million through its second block sale of CIMB shares since July, and there is still room to cut its stake further.

Shares in CIMB, Malaysia’s second-biggest bank, fell to their lowest level in five months after state investment fund Khazanah Nasional trimmed its stake further through an overnight block trade that raised M$555 million ($132 million).

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