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Sovereign Wealth Funds Briefing - Categorized | Market

Khazanah selling stake in Time Engr

Posted on 18 December 2012

Khazanah Nasional Bhd will sell all its controlling 45 per cent stake in Time Engineering Bhd (TEB) via a tender to a qualified Bumiputera company. The latest disposal will be Khazanah’s last of five non-core assets to be divested under such exercise.
Main Market-listed TEB provides solutions for e-commerce, cyber security and integrated intelligent infrastructure. TEB shares closed unchanged at 29 sen with 1.6 million shares transacted……………………………………….Full Article: Source


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