Khazanah raises $133 million from Tenaga block trade

The deal comes less than a week after the Malaysian investment company exited AIA and is seen as part of a long-term plan to gradually reduce its holdings in a number of Malaysian companies.

With little more than two weeks left of the year, Khazanah Nasional last night raised another M$406.8 million ($133 million) towards its coffers by trimming its stake ever so slightly in Malaysia’s leading power company, Tenaga Nasional.

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