Khazanah raising funds. With Khazanah Nasional’s all-cash bid for Singapore’s Parkway Holdings at S$3.95/share likely to go through after India’s Fortis accepted its full takeover offer last week, the Government’s investment arm will now have to find the funds to pay for the shares. Excluding the 23.8% stake in Parkway that it already owns, acquiring the remaining shares will cost around S$3.4bn or nearly RM8bn.
Market Update: Corporate Action - Fund Raising By Khazanah Nasional - 05/08/2010
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