KUALA LUMPUR: The ongoing transactions undertaken by Khazanah Nasional Bhd are in the ordinary course of its business which involves realising investments and then redeploying capital for new investments, said managing director Datuk Shahril Ridza Ridzuan.Proceeds from the divestments are used to pay off Khazanah’s maturing debt and fund new investments, he said.
Repudiating accusations that the sovereign fund is selling off national assets and accumulating debts, Shahril Ridza said its focus in the near term is on delivering its strategic priorities as agreed by the board of directors.