Khazanah not selling stake in Temasek, says report

REPORTS that sovereign wealth fund Khazanah Nasional Bhd is seeking to sell its stake in a joint-venture company with Singapore’s Temasek Holdings has been refuted, said the Business Times.

M+S is a 60:40 joint-venture company with Temasek, which is the developer of two iconic mixed-development projects in Singapore – the Duo in the Ophir-Rochor area and Marina One in Marina Bay – worth a combined SG$11 billion (RM32.9 billion) in gross development value.

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