Media & Downloads
Press Releases

17 November 2005

KHAZANAH ACQUIRES 9.9% PERCENT STAKE IN PARKSON RETAIL GROUP LIMITED

Khazanah Nasional Berhad (“Khazanah”) is pleased to announce that on 9 November 2005, through its wholly-owned subsidiary Pangkor Investments (Cayman Island) Limited, agreed to purchase 54,648,000 shares (or 9.9% of the enlarged issued share capital) of Parkson Retail Group Limited (Parkson).

The purchase forms part of the international placing in connection with the Hong Kong Public Offering of Parkson shares and will be at the offer price, which will be fixed on or before 23 November, 2005. Parkson has received approval to list on the Main Board of the Stock Exchange of Hong Kong Limited which is schecduled for the 30th November 2005.

The stake in Parkson marks Khazanah’s first investment in the People’s Republic of China. Parkson operates and manages the largest network of foreign-owned department stores in China. Khazanah believes the investment in Parkson will present a strong platform to participate in one of Asia’s fastest growing economy and the broader retail and consumer industry in China.



Other Press Releases
11 March 2024

Khazanah records RM5.9 billion profit for 2023, so...

Read more  

9 March 2024

Khazanah launches #BerbudiBersama initiative to ce...

Read more  

6 March 2024

Khazanah announces new Chief Investment Officer...

Read more  

3 January 2024

Khazanah Nasional Berhad and CGC Digital announce ...

Read more  

7 November 2023

Khazanah Impact Innovation Challenge 2023 unveils ...

Read more  

13 October 2023

Statement by Dato’ Amirul Feisal Wan Zahir, Mana...

Read more  

10 October 2023

Khazanah’s 15-year partnership with GTI solidifi...

Read more  

5 October 2023

CDP Group and Khazanah Nasional Berhad signs MoU, ...

Read more  

12 September 2023

Khazanah and Khazanah Research Institute, in colla...

Read more  

27 July 2023

Khazanah Stands Ready to Support “Ekonomi MADANI...

Read more