Khazanah says made healthy profit with Malaysian Shoaiba stake sale

Khazanah says made healthy profit with Malaysian Shoaiba stake sale

Malaysia’s $33-billion sovereign wealth fund Khazanah Nasional Bhd on Monday said it made a “healthy profit” by selling its 40 per cent stake in Desaru Investments Limited (DIL) to power and water producer Malakoff Corp Bhd.

The fund said it decided to exit its investment in the company since its commercial objectives had been met.

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