Media & Downloads
Press Releases

24 May 2018

Khazanah Nasional statement on RCCPS redemption by Ministry of Finance in August 2017

We refer to the Reuters article, “Former Malaysia government used money raised from Khazanah to pay 1MDB dues – sources”, dated 24 May 2018.

Khazanah Nasional Berhad (“Khazanah”) wishes to clarify the following facts:

  1. On 7 March 2011, RM3.0b Redeemable Cumulative Convertible Preference Shares (“RCCPS”) was issued by Khazanah to the Ministry of Finance (“MOF”). The RCCPS is essentially capital injected that MOF as our 100% shareholder has a right to call back (i.e. redeem) at any time.
  2. On 14 March 2014, MOF redeemed RM1.8b of the RM3.0b issued.
  3. On 11 August 2017, MOF redeemed a further RM1.199b of the remaining RM1.2b RCCPS.
  4. It is important to note that as the sole holder of the RCCPS, MOF possesses the right to redeem the RCCPS at any point of time.
  5. The redemption of the RCCPS is in effect a repayment of shareholder capital by Khazanah to MOF.
  6. Further, it is also relevant to note that Khazanah has no control over the utilisation of the funds once the RCCPS has been redeemed.

END



Other Press Releases
1 November 2024

Khazanah Nasional clarifies its divestment in Fash...

Read more  

28 October 2024

Khazanah launches Jelawang Capital as national fun...

Read more  

19 October 2024

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

Read more  

17 October 2024

SC and Khazanah Sign MoU to Catalyse MTC Access to...

Read more  

15 October 2024

Khazanah Nasional’s Dana Impak to launch initiat...

Read more  

30 July 2024

Khazanah Nasional completes acquisitions of MAVCAP...

Read more  

15 May 2024

Consortium led by Khazanah and EPF announces condi...

Read more  

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