Khazanah sells JKH stake

Business

Jan 9, 2020
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Broga Hill Investments Ltd, an arm of Malaysia’s sovereign fund Khazanah Nasional, sold its entire 10.8 per cent of John Keels Holdings (JKH) in early trade on Thursday in a Rs. 22 billion deal.

Stockbrokers speculate the buyer could be a big local business or a foreign institutional buyer.

In 2012 March, Broga Hill acquired 8.885 per cent and subsequently increased its JKH holding to 10.8 per cent. Local business tycoon Harry Jayawardena also increased his shareholding in the leading blue chip to nearly 9.8 per cent in a 12 month period as at June last year. (DEC)