PETALING JAYA: Retirement Fund Inc (KWAP) is the latest investor in edotco Group Sdn Bhd after it paid US$100mil for a 5.4% stake in the company that owns telecommunications towers in Asia.
The private placement of shares to the pension fund followed the year-end share placement to both Khazanah Nasional Bhd and Innovation Network Corp of Japan (INCJ) which raised US$600mil for edotco. With the latest placement, edotco has raised US$700mil.
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