Khazanah reduced stake in Tenaga
Filed Under (Business News) by Webmaster on 11-12-2009
Tagged Under : Khazanah, Tenaga
Malaysia’s state investment arm Khazanah Nasional has raised RM704.7 million (US$207.5 million) after placing out about 87 million shares in national utility Teanga, dealers said today.
The shares were sold at RM8.10 a share, the dealers said.
The placement was part of Khazanah’s plan to reduce its ownership in government-linked companies in a bid to increase market liquidity in those companies and create a more vibrant stock market, the dealers said.
