Khazanah Is Said to Sell $340 Million Tenaga Stake in Placement
The News
Malaysian sovereign wealth fund Khazanah Nasional Bhd. has sold approximately 1.39 billion ringgit ($340 million) worth of shares in state-owned power company Tenaga Nasional Bhd., according to sources familiar with the transaction. The sale was conducted through a placement. The move reduces Khazanah's stake in Tenaga, a major utility provider in Malaysia.
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The Analysis
Intelligence Brief
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Khazanah sold 1.39 billion ringgit ($340 million) in shares.
Khazanah Nasional Bhd. sold shares in Tenaga Nasional Bhd.
3 claims still need verification.
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3 unresolved.
Key findings
The information about the sale comes from people with knowledge of the matter.
Bloomberg- Khazanah sold 1.39 billion ringgit ($340 million) in shares.
- The placement likely affects Tenaga's share price and liquidity.
Plain English
Loaded language removedMalaysian sovereign wealth fund Khazanah Nasional Bhd. has sold 1.39 billion ringgit ($340 million) worth of shares in state-owned power firm Tenaga Nasional Bhd., according to people with knowledge of the matter.
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Claims
The information about the sale comes from people with knowledge of the matter.
BloombergKhazanah Nasional Bhd. sold shares in Tenaga Nasional Bhd.
BloombergThe value of the shares sold is 1.39 billion ringgit ($340 million).
Bloomberg