| The Malaysian state investment fund Khazanah Nasional Bhd acquired almost five per cent of Beijing Enterprises Water Group Ltd. for $152 million US 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 in a statement. The water-treatment group announced 400 million new shares would be issued at HK$2.95 each (38 cents US) to Mount Reskit Investments Ltd., a unit of Khazanah Nasional, last month..............................................Full Article: Source
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