Malaysia's Khazanah exits Time Engineering stake for $21m
Malaysian sovereign wealth fund Khazanah Nasional has sold its entire stake in local IT firm Time Engineering (TEB) to Censof Holdings for RM69.8 million ($21.3 million)
TEB provides solutions for e-commerce, cyber security and integrated intelligent infrastructure. It ended the first half of its 2013 financial year with an EBITDA of RM14.02 million and pre-tax profit...
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