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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Malaysia’s Khazanah selling Tenaga stake worth up to $135 mln

Posted on 04 June 2013

State investor Khazanah Nasional Bhd is selling 50 million shares worth up to 418.5 million ringgit ($135.04 million) in Malaysia’s largest power utility Tenaga Nasional Bhd, two banking sources said.
The shares are being priced at between 8.12 and 8.37 ringgit, said the sources who have direct knowledge of the deal, which is equivalent to a discount of about three percent to the closing price of Tenaga’s shares on Monday………………………………………..Full Article: Source


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