{"id":33014,"date":"2019-07-15T18:31:21","date_gmt":"2019-07-15T10:31:21","guid":{"rendered":"http:\/\/www.namnewsnetwork.org\/?p=33014"},"modified":"2019-07-15T18:31:23","modified_gmt":"2019-07-15T10:31:23","slug":"statement-on-the-divestment-of-khazanahs-stake-in-malaysian-shoaiba-consortium","status":"publish","type":"post","link":"http:\/\/namnewsnetwork.org\/?p=33014","title":{"rendered":"Statement On The Divestment Of Khazanah\u2019s Stake In Malaysian Shoaiba Consortium"},"content":{"rendered":"\n<p><strong>KUALA LUMPUR, July 15 (Bernama) &#8212;&nbsp;<\/strong>We refer to various reports on the divestment of our 40% stake in Malaysian Shoaiba Consortium Sdn&nbsp;Bhd (\u201cConsortium\u201d), and would like to clarify as follows:&nbsp;<\/p>\n\n\n\n<p>Khazanah entered into a joint investment in 2005 with Malakoff Corp Berhad (\u201cMalakoff\u201d)\u00a0and Tenaga Nasional Berhad (\u201cTNB\u201d), via the Consortium, to support Malaysia\u2019s entry into\u00a0Saudi Arabia\u2019s independent water and power producer market. As the project is completed\u00a0and fully operational, Khazanah has achieved the commercial objectives of its investment in\u00a0the Consortium. In accordance with the Consortium\u2019s shareholders agreement, our 40% stake\u00a0was offered to the existing partners. Malakoff subsequently took the offer, which allowed\u00a0Khazanah to exit with a healthy profit at a value based on future cash flows of the project.\u00a0 <\/p>\n\n\n\n<p><a href=\"http:\/\/mrem.bernama.com\/viewsm.php?idm=35000\">http:\/\/mrem.bernama.com\/viewsm.php?idm=35000<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KUALA LUMPUR, July 15 (Bernama) &#8212;&nbsp;We refer to various reports on the divestment of our 40% stake in Malaysian Shoaiba Consortium Sdn&nbsp;Bhd (\u201cConsortium\u201d), and would like to clarify as follows:&nbsp; Khazanah entered into a joint investment in 2005 with Malakoff Corp Berhad (\u201cMalakoff\u201d)\u00a0and Tenaga Nasional Berhad (\u201cTNB\u201d), via the Consortium, to support Malaysia\u2019s entry into\u00a0Saudi [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[315],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/33014"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33014"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/33014\/revisions"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33014"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}