Khazanah is a Cornerstone Investor in Philippines Low-Cost Developer

Malaysian sovereign wealth fund Khazanah Nasional Berhad has purchased nearly an 8% stake in 8990 Holdings Inc for RM 215 million (US$ 65.93 million). 8990 Holdings is an unlisted company that is a property developer in the Philippines. Through its sovereign wealth enterprise, Pasir Salak Investments Ltd, Khazanah agreed to be a cornerstone investor before 8990 Holdings’ upcoming share listing in the Philippine Stock Exchange.

8990 Holdings is a developer in socialized and economic housing, catering toward lower incomes in the Philippines. 8990 Holdings has sold over 26,000 housing units.

Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute

institutional investor investment mandates