Khazanah's divestment, capital redeployment made in ordinary course of business

Khazanah's divestment, capital redeployment made in ordinary course of business

The Edge Markets - Malaysia·2019-10-09 15:21

KUALA LUMPUR (Oct 9): The ongoing transactions undertaken by Khazanah Nasional Bhd are in the ordinary course of its business which involves realising investments and then redeploying capital for new investments, said managing director Datuk Shahril Ridza Ridzuan.

Proceeds from the divestments are used to pay off Khazanah’s maturing debt and fund new investments, he said.

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