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Khazanah divests Westports shares

Malaysian stock market data has shown that Khazanah Nasional has started its divestment in Westports, seliing 161.52m shares in an off-market transaction.

Vincent Wee, Hong Kong and South East Asia Correspondent

November 3, 2014

1 Min Read
Kalyakan - stock.adobe.com

The shares, which represented a 4.74 % stake, were transacted at an average price of MYR2.90 ($0.88) and were carried out via a book building exercise.

Khazanah has previously announced it would divest stakes in non-core assets.

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MalaysiaWestports

About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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