| The Malaysia state investment fund Khazanah Nasional Bhd acquired almost 5 percent of Beijing Enterprises Water Group Ltd. (371) for $152 million to expand in China, making it the company’s third-largest shareholder.
Beijing Enterprises Water plans to use the net proceeds for working capital, the sovereign wealth fund said today in a statement. The water-treatment group announced 400 million new shares would be issued at HK$2.95 each to Mount Reskit Investments Ltd., a unit of Khazanah Nasional, last month...............................................Full Article: Source
|