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Sovereign Wealth Funds Briefing - Categorized | Investment

Khazanah confirms it’s talking to HLB

Posted on 15 January 2010

From Thestar.com.my: Khazanah Nasional Bhd has confirmed it is talking to Hong Leong Bank Bhd (HLB) to sell its stake in EON Capital Bhd (EON Cap). Managing director Tan Sri Azman Mokhtar said the investment agency had received Bank Negara approval to commence negotiations with HLB and its consideration was purely commercial.
“This is because our stake there (10%) is considered non-strategic and non-core investment,” he said…………………………………Full Article: Source


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