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Sovereign Wealth Funds Briefing - Categorized | Compliance/Regulation/Legal, Financials

Malaysia’s Plus suspended from trade pending announcement

Posted on 14 October 2010

From Reuters: Shares in Malaysian highway operator Plus Expressways were suspended. Malaysian conglomerate UEM Group Bhd holds a 38.5 percent stake in Plus. Malaysia’s state investment fund Khazanah Nasional, which owns UEM Group, also has a 16.7 percent stake in Plus.
UEM Group has become an acquisition target for Kuala Lumpur-listed MMC Corp, which is owned by reclusive tycoon Syed Mokhtar Albukhary……………………………………….Full Article: Source


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