KUALA LUMPUR: Khazanah Nasional Bhd is investing RM486mil for a 4.95% stake in Beijing Enterprises Water Group Ltd as it seeks exposure to China’s fast growing environmental-related sectors.
Malaysia’s state investment fund said in a statement its unit Mount Reskit Investments Ltd was subscribing for 400 million new shares in the Chinese company or 4.95% in the enlarged share capital at HK$2.95 per share.
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