‘No’ to Khazanah asset sale rush
Emmanuel Samarathisa | 27 Sep 2019 00:30
Prime Minister Tun Dr Mahathir Mohamad has again pressed Khazanah Nasional Bhd to sell its assets. This time he added a caveat: to hive off those “not useful to us.” The question is how Khazanah is going to divest selected assets with minimal disruption to the market and at a good value given the current depressed state of the market.
Details are scant and nothing concrete has been decided yet. Said Mahathir: “They are just studying whether they should (sell) or should not, but no deci- sion has been made.” Proceeds from the asset sale will be channelled to paring down debts left by the previous government, he added.
This is not the first time Mahathir is mentioning the urgency to sell assets. Ever since Pakatan Harapan took over Putrajaya, Mahathir has trained his guns on the fund for seemingly veering off course in its role as a strategic investor.
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