KUALA LUMPUR: The share market received a major boost when a newly established asset management company with about RM10bil worth of funds began operations yesterday.
Valuecap Sdn Bhd, equally owned by Khazanah Nasional Bhd, Permodalan Nasional Bhd and Kumpulan Wang Amanah Pencen, will invest the amount in the Kuala Lumpur Stock Exchange over a period of time depending on the value of the stocks and timing opportunities.
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