Khazanah Nasional Bhd has divested its strategic 32.21% stake in POS MALAYSIA BHD [] to DRB-HICOM BHD [] at RM3.60 per share or RM622.79 million, deemed a landmark divestment by the government’s investment arm of its entire stake in a major government-linked company.
Khazanah said on Friday, April 22 this decision was made following a rigorous selection process to ensure that the new shareholder will be able to bring Pos Malaysia to the next level of growth.
"The divestment is made via a conditional offer with a price consideration of RM3.60 per share or RM622.79 million. The offer price of RM3.60 per share is subject to the modification of the special rights redeemable preference share in Pos Malaysia held by Minister of Finance (Incorporated),” it said.
Khazanah said on Friday, April 22 this decision was made following a rigorous selection process to ensure that the new shareholder will be able to bring Pos Malaysia to the next level of growth.
"The divestment is made via a conditional offer with a price consideration of RM3.60 per share or RM622.79 million. The offer price of RM3.60 per share is subject to the modification of the special rights redeemable preference share in Pos Malaysia held by Minister of Finance (Incorporated),” it said.
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