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Sovereign Wealth Funds Briefing - Categorized | Investment

Khazanah to divest entire 45pct stake in Time Engineering

Posted on 19 December 2012

The government’s strategic investment fund Khazanah Nasional Bhd will divest its entire 45% stake in Time Engineering Bhd (TEB), a move that is part of Khazanah’s divestment plan to dispose its non-core assets, via a tender process to a qualified Bumiputera entrepreneur.
The estimated value of the chunk, according to its latest market capitalisation, is RM101.6 million………………………………………..Full Article: Source


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