Khazanah nets $169m from Telekom Malaysia sell-down

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By Jonathan Breen
22 May 2020

Malaysian sovereign wealth fund Khazanah Nasional has pocketed MR735.7m ($168.6m) from the sale of a stake in Telekom Malaysia, after boosting the size of the trade.

Khazanah jumped at the chance to offload a portion of its stock in the telecommunications company this week as Telekom Malaysia's stock price hit a 2020-high.

CIMB and Credit Suisse launched the block trade after local markets closed on Thursday, tasked with finding buyers for 123m secondary shares ...

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