Kuala Lumpur: Khazanah Nasional Bhd has clarified that it has not disposed of its shares in CIMB Group Holdings Bhd as reported.The sovereign wealth fund in a statement said the shares were transferred pursuant to securities lending agreements that it had entered into with CGS-CIMB Securities Sdn Bhd, Credit Suisse Securities (Europe) Limited and J.P. Morgan Securities PLC respectively, in relation to an exchangeable bond issued recently.
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“The exchangeable bond will not have a dilutive effect on CIMB’s earnings per share,” Khazanah said, adding, the issuance of exchangeable bonds is part of its regular financing activities.
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