TM International Bhd’s (TMI) reference price has been set at RM7.85 and Telekom Malaysia’s (TM) at RM3.05 following the demerger exercise. TM shares would be trading at the new reference price today while TMI would make its debut on the main board on Monday.

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TM shares will be adjusted downwards on April 23 to reflect the distribution of shares in the enlarged TMI. Shareholders will get one TMI share for every TM share held and their CDS account is to be credited on April 25.
The combined reference prices of TM and TMI shares will be equivalent to the last […]

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