Khazanah disposes RM8b worth of shares, assets in 7 months

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Khazanah Nasional Bhd has divested a total RM8.03 billion worth of shares in public companies and assets in seven months, from March to September, said Finance Minister Tengku Zafrul Abdul Aziz."The disposal of assets covers various sectors, including banking, technology, health, energy, and telecommunication located in the country and abroad," he said in a parliamentary reply.The government's strategic investment arm disposed of its equities in Ping An Healthcare and Technologies, Tenaga Nasional Berhad, Telekom Malaysia Berhad, Alibaba Group Holding, and Prince Court Medical Centre."The divestment includes private sale transactions at the secondary market as well as placement and corporate exercises, such as stock exchange and capital reduction," he said. He stressed that the divestment was something normal as the company received no allocation from th…