Khazanah in $356m exit from AIA
Khazanah Nasional, the Malaysian sovereign wealth fund, has exited its entire holding in Hong Kong-listed AIA Group, raising HK$2.76 billion ($356 million). The sale comes as the lockup on American International Group’s stake in the Asia-focused insurance group is about to expire, allowing the company to dispose of shares worth around $6.4 billion.
Khazanah's Mount Swettenham Investments unit offloaded 92.35 million shares at HK$29.84-30.20, equivalent to a discount of up to 1.2% on the previous close. The sovereign fund acquired its stake in AIA...
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