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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Khazanah’s stake sale to improve market liquidity

Posted on 14 October 2010

From Thestar.com.my: Khazanah Nasional Bhd’s recent disposal of 147 million shares, or a 2% stake, in CIMB Group Holdings Bhd is merely part of the sovereign wealth fund’s strategy to pare down its stakes in various government-linked companies (GLCs) to improve liquidity in the Malaysian capital market, some analysts said.
“It’s a known fact that the Government wants to reduce its direct involvement in business to enhance the local capital market’s appeal, particularly to foreign fund managers,” an analyst said……………………………………….Full Article: Source

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