Kuala Lumpur - PETRONAS has successfully pared down its shareholdings in MISC Berhad ('MISC') and KLCCP Stapled Group ('KLCC SG') on Bursa Malaysia Securities on 10 December 2020 via an equity accelerated bookbuilding exercise.
The pare down was carried out as part of PETRONAS' continued portfolio optimisation efforts to ensure a robust and sustainable portfolio, ready to capture new step-out business opportunities. These sales of shares will result in greater local and international investor participation and ownership in these companies, in addition to increased stock liquidity.
PETRONAS continues to retain controlling stakes in MISC and KLCC SG, which remain to be key solution providers to PETRONAS.
This press release is not an offer of securities for sale in the United States, and securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offer of securities to be made in the United States would be by means of a prospectus that would be obtainable from the issuer or the selling security holder of such security that would contain detailed information about the issuer and its management as well as financial statements. PETRONAS has no intention to register any part of this sale in the United States.
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