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
12 September 2023

Khazanah and Khazanah Research Institute, in colla...

Read more  

27 July 2023

Khazanah Stands Ready to Support “Ekonomi MADANI...

Read more  

25 July 2023

Khazanah Impact Innovation Challenge 2023 Calls fo...

Read more  

13 July 2023

Global Venture Capital Firm Antler Partners With K...

Read more  

27 June 2023

Khazanah spearheads green investment platform to a...

Read more  

6 June 2023

Khazanah invests in homegrown full-stack InsurTech...

Read more  

25 May 2023

Khazanah reopens Malaysia’s USD Sukuk and Bond M...

Read more  

27 April 2023

Khazanah assigned A3/A- by International Credit Ra...

Read more  

19 April 2023

Khazanah leads concerted efforts to uplift PPR com...

Read more  

9 April 2023

Iskandar Malaysia Studios attracts foreign investm...

Read more