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Market Chatter: Khazanah Sells Shares Worth MYR1.39 Billion in Tenaga Nasional

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Malaysian sovereign wealth fund Khazanah Nasional sold shares worth 1.39 billion Malaysian ringgit in Tenaga Nasional (KLSE:TENAGA), Bloomberg reported Friday, citing sources.

On July 21, Khazanah placed 100 million shares of the state-owned power company for sale at 13.91 ringgit each, with settlement on July 24, sources told Bloomberg.

According to Bloomberg data, Khazanah holds a 17.7% stake in Tenaga, making it the second-largest shareholder.

Khazanah and Tenaga did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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