Malaysian Investment Fund Turns to China
Khazanah Nasional Bhd, the Malaysian government’s $25 billion investment fund, is making evaluations on investments in China’s infrastructure, environmental products, financial and healthcare services, with an aim to tap growth opportunities in the Chinese market.
Expanding beyond owning government-linked companies such as Telekom Malaysia Bhd and Bumiputra-Commerce Holdings Bhd, the Malaysian agency holds $100 billion worth of equity stakes in more than 50 companies in five countries. Its investments include stakes in India’s Apollo Hospital Enterprise Ltd, Hong Kong-traded Parkson Retail Group Ltd, Singapore’s Mobile One Pte and Indonesia’s PT Bank Lippo. It joins the $60 billion Qatar Investment Authority and Singapore’s Temasek Holdings Pte to tap the Chinese market as well as other emerging markets.
“We have a longer horizon compared with the traditional private-equity investors, and we’re experienced in many emerging economies,” said Khazanah’s Managing Director Azman Mokhtar. “We want to offer our experience and our network as the bridge for Chinese companies to invest in third countries.”
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