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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

Inari dismisses report of approach by Khazanah for 20pct stake

Posted on 07 October 2013

Inari Amertron Bhd has dismissed a news report that it was being approached by Khazanah Nasional Bhd for a 20% stake in the group. “There’s a lot of speculation in the market but I cannot comment on that (report) because I have not read the report myself,” its vice-chairman Dr Tan Seng Chuan told a press conference after the Penang-based semiconductor wafer manufacturer’s EGM here last Friday.
On Friday, Business Times quoted a report by UOB Kay Hian as saying that Inari Amertron was placing out a 20% stake to Khazanah in exchange for a stake in wafer fabrication company, SilTerra Malaysia Sdn Bhd which is 98% owned by the state investment arm………………………………………..Full Article: Source


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