Khazanah sells Pos Malaysia stake to DRB-HICOM


KUALA LUMPUR: Government investment arm, Khazanah Nasional Bhd will divest its strategic stake of 32.21% in Pos Malaysia Bhd to DRB-Hicom Bhd at RM3.60 per share or RM622.79mil.

The transaction is deemed as a landmark divestment as it is Khazanah's first divestment of its entire stake in a major government-linked company (GLC).

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