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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Khazanah makes‘modest’ gain

Posted on 20 January 2012

Khazanah Nasional Bhd will book a modest divestment gain from selling its 42.7% strategic stake in Proton Holdings Bhd for RM5.50 per share or a total cash consideration of RM1.29 billion.
Speaking to the media during Khazanah’s annual review, managing director Tan Sri Azman Mokhtar maintained that Khazanah’s entry cost into Proton in 2002 was lower than RM8 as reported………………………………………..Full Article: Source


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