12.05.2016 - Khazanah to raise US$900 million from share disposals
Malaysia’s sovereign wealth fund Khazanah Nasional Berhad (Khazanah) made headlines recently on reports that it is offloading some 3.6 billion ringgit (US$890.51 million) worth of equity shares it currently holds in three major listed companies on the local bourse, Bursa Malaysia. Citing undisclosed sources, Bloomberg reported that the state-owned investor had purportedly asked banks to pitch for a role in arranging the sale of about 2% of its shares in Tenaga Nasional Berhad (TNB), IHH Healthcare Berhad (IHH) and Axiata Group Berhad (Axiata) respectively, paring its stakes in each of the companies, of which Khazanah is the biggest shareholder...............................................Full Article: Source
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