Khazanah nets $169m from Telekom Malaysia sell-down
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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