Malaysia’s Army Fund to Cut Stake in Affin to 9%, Minister Says
Malaysia’s Armed Forces Pension Fund will reduce its stake in Affin Bank Bhd. to 9% as it seeks to reduce holdings in strategic assets and invest the proceeds in fixed...
By Ram Anand · Bloomberg Markets
Malaysia’s Armed Forces Pension Fund will reduce its stake in Affin Bank Bhd. to 9% as it seeks to reduce holdings in strategic assets and invest the proceeds in fixed income, Defense Minister Mohamed Khaled Nordin said.