Press Releases
7 October 2005
KHAZANAH ACQUIRES STAKE IN POS MALAYSIA & SERVICES HOLDINGS BHD
Khazanah Nasional Berhad (“Khazanah”) is pleased to announce that on 7 October 2005 Khazanah completed its acquisition of 42.8 million shares (representing approximately 8.4% equity interest) in Pos Malaysia & Services Holdings Bhd (“PSH”) from Aroma Teraju Sdn Bhd (“Aroma”). This acquisition raises Khazanah’s cumulative equity interest in PSH to 17.4%, making Khazanah the single largest direct shareholder in PSH.
Further, Khazanah has entered into a Share Sale Agreement (“SSA”) with Aroma to acquire all the PSH shares that Aroma will receive through the proposed capital distribution exercise (“Exercise”) by Avenue Capital Resources Berhad (“ACRB”) as announced to Bursa Malaysia on 19 May 2005.
