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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment, Market

Khazanah & EPF told to hasten divesting stake in GLCs

Posted on 24 March 2010

From Bernama: The government has directed Khazanah Nasional Bhd and the Employees Provident Fund to hasten the divestment of their equity holdings in government-linked companies to make the capital market more atttractive to foreign fund managers, Prime Minister Datuk Seri Najib Tun Razak said.

“We have been doing so but we have to do more as the market wants us to reduce government holdings and I have given the direction to Khazanah and EPF to act accordingly,” he said……………………………..Full Article: Source


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