The only game in town: Khazanah sells Tenaga block

Malaysian state fund sells $289 million of shares in the country’s largest power distributor, marking its fifth selldown since 2012.

Khazanah Nasional sold M$1.2 billion ($289 million) of shares in power distributor Tenaga Nasional through a discounted block trade late Thursday, the latest transaction under the state fund’s strategy of selling Malaysian stocks to increase liquidity.

¬ Haymarket Media Limited. All rights reserved.

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