Tricky proposition for Khazanah in CIMB

Raja Shahreen Raja Othman, who is currently the CEO of Selangor

AFTER Khazanah Nasional Bhd’s partial divestment in IHH Healthcare Bhd, there are at least six locally-listed companies which could see a reduction in shareholding by the sovereign wealth fund (SWF).

The fund owns substantial stakes in some of Malaysia’s largest companies, including banking group CIMB Group Holdings Bhd, Axiata Group Bhd, UEM Sunrise Bhd and UEM Edgenta Bhd.