Maybank Research: Khazanah Nasional unlikely to privatise UEM Sunrise
KUALA LUMPUR: Khazanah Nasional Bhd will continue to diversify in various sectors and geographically in a prudent manner.
The sovereign wealth fund's managing director Tan Sri Azman Mokhtar said in a media briefing that any investments or divestments will continued to be made in a measured and gradual manner.
He said these will include investments or divestments in the technology and innovation sector.
Khazanah has a stake in Singapore-based online gaming portal Garena, which was recently in the news seeking a US$1bil initial public offering.
Azman said part of the gains realised from selling part of the Alibaba stake has been used for investments in other tech and innovation companies.
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