It currently holds 48%, according to a filing with the Companies Commission of Malaysia.
A Temasek Holdings firm is cutting its investment in a Malaysian phone company that recently won a major 5G contract, selling part of its stake to an entity controlled by tycoon Vincent Tan and the Malaysian king’s daughter.
Straits Mobile Investments, a unit of a firm owned by Temasek, will reduce its shareholding in U Mobile to 20% in the deal agreed Dec 4, according to a statement to the Singapore Exchange (SGX:S68
) .
