| From Thestar.com.my: Khazanah Nasional Bhd has defended its RM150mil investment in China’s Oriental University City (OUC), saying the deal fulfils the investment firm’s strategic objectives and financial returns benchmarks.
To recap, some media reports criticised the deal, alluding to the fact that Khazanah had overpaid for the asset – buying 10% stake in the Chinese university from Singapore’s Raffles Education Corp, at a price/earnings multiple of 58 times and eight times book value.........................................Full Article: Source
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