Khazanah earlier this year unveiled a plan to deliver more cash to the government by pruning its stakes in non-strategic assets and dialling back its offshore presence, while Temasek posted the smallest portfolio rise in three years for 2018 as divestment value exceeded investments.
(July 30): A joint venture between Malaysia sovereign wealth fund Khazanah and Singapore state investor Temasek is selling the office and retail units of its DUO property development in Singapore, it said late on Monday.
The joint venture named M+S will sell all the shares of its wholly owned subsidiary, Ophir-Rochor Commercial, worth $1.575 billion to Allianz Real Estate and private equity firm Gaw Capital Partners.
