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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Khazanah expands into China

Posted on 08 October 2013

The Malaysian state investment fund Khazanah Nasional Bhd acquired almost five per cent of Beijing Enterprises Water Group Ltd. for $152 million US 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 in a statement. The water-treatment group announced 400 million new shares would be issued at HK$2.95 each (38 cents US) to Mount Reskit Investments Ltd., a unit of Khazanah Nasional, last month……………………………………….Full Article: Source


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