Abu Dhabi-based investments company Mubadala has offered to sell around $150 million worth of shares in Malaysian banking company RHB in a block trade.
Mubadala, through its unit Aabar Investments, has put 120 million shares up for sale at about $1.25 per share.
The shares represent approximately 3 percent of RHB’s enlarged share capital with upsize option subject to demand.
Malaysian lender CIMB and U.S.-based investment bank JP Morgan are joint bookrunners on the deal.