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Sovereign Wealth Funds Briefing - Categorized | Investment

Malaysia sovereign wealth fund buys 4.95pct stake in Beijing Water

Posted on 07 October 2013

The Malaysia state investment fund Khazanah Nasional Bhd acquired almost 5 percent of Beijing Enterprises Water Group Ltd. (371) for $152 million to expand in China, making it the company’s third-largest shareholder.
Beijing Enterprises Water plans to use the net proceeds for working capital, the sovereign wealth fund said today in a statement. The water-treatment group announced 400 million new shares would be issued at HK$2.95 each to Mount Reskit Investments Ltd., a unit of Khazanah Nasional, last month………………………………………..Full Article: Source


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