Khazanah mandates JPM, CIMB

The new administration''s first equity sale will likely be completed by the end of the year, although no decision has been made on what is going to be sold.

Nick Lord

November 18, 2004

JPMorgan and CIMB have scored something of a bull's eye by being awarded a key mandate from Khazanah Nasional - the investment holding arm of the Malaysian government. The mandate is open ended at the moment with sources saying an equity sale is likely to happen in one of four separate stocks - Telekom Malaysia, Tenaga Nasional, Astro AllAsia Networks or PLUS Expressways. No decision has yet been made as to which stock Khazanah will end up selling.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.