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PETALING JAYA: Norwegian fund Norges has allotted RM800mil more to invest in small to mid-cap stocks in Malaysia.
PETALING JAYA: Norway-based Norges, one of the largest foreign funds investing in Malaysian equities, has been nibbling small to mid cap stocks that offer exciting upside here.
PETALING JAYA: Norges, Norway’s sovereign wealth fund which ranks as one of the world’s largest funds with some US$810bil (RM2.5 trillion), has taken up some 18 million Daya Material Bhd’s shares at 34.5 sen under the latter’s recently concluded 10% private placement, according to sources.
OSLO: Norway’s US$900bil sovereign wealth fund, the world’s biggest, excluded Duke Energy Corp and some units from its investments because of a risk of “severe environmental damage”.
OSLO: The world’s biggest sovereign fund says expanding into new asset classes is now hardly worth the effort.
HONG KONG: A group of 10 investors, including Norway’s sovereign wealth fund and OchZiff Capital Management Group LLC, have together committed to buy about US$1.1bil into China Cinda Asset Management Corp as part of its Hong Kong initial public offering (IPO), people familiar with the matter said.
KUALA LUMPUR: Shares of Daya Materials Bhd’s shares rose in heavy trade at midafternoon on Wednesday after a Norwegian fund bought 1.3% stake in the group.
OSLO: In one of the world’s richest countries, the finance minister may soon need to break the spending record he just set.