Khazanah Nasional completes 8.4 pct stake buy in Pos Malaysia
State-owned investment arm Khazanah Nasional Bhd said it has completed the acquisition of 42.8 mln shares or an 8.4 pct stake in Pos Malaysia & Services Holdings Bhd from Aroma Teraju Sdn Bhd.
In a statement, it said the acquisition raises Khazanah’s cumulative equity interest in Pos Malaysia to 17.4 pct, making Khazanah the single largest direct shareholder in the company.
Khazanah also said it has entered into a share sale agreement with Aroma to buy all the Pos Malaysia shares that Aroma will receive through the proposed capital distribution exercise by Avenue Capital Resources Bhd.
Avenue in May this year announced plans to distribute its entire 78.55 mln shares in Pos Malaysia to shareholders.
(1 usd = 3.77 rgt)
