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Sovereign Wealth Funds Briefing - Categorized | Market

Khazanah still seeking strategic partner for SilTerra

Posted on 11 June 2014

Khazanah Nasional Bhd, which expects its 20 largest government-linked companies’ holdings to hit a record high of RM27.1 billion in net profit this year, is still looking for a strategic partner for its loss-making manufacturer of semiconductor wafers, SilTerra Malaysia Sdn Bhd.
Talk of selling either a stake or the entire company has been around since 2008. According to Khazanah managing director Tan Sri Azman Mokhtar (pix), even though SilTerra has been mildly profitable, it still needs a strategic partner in the longer term. “It could be business-to-business partnership without equity, or with equity ownership, we’re looking at all options,” he said………………………………………..Full Article: Source


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