Malaysia's Khazanah buys 8 pct stake in Philippines' 8990 Hldgs

KUALA LUMPUR, April 29 Mon Apr 28, 2014 9:36pm EDT

KUALA LUMPUR, April 29 (Reuters) - Malaysia's state investor Khazanah Nasional Bhd said it would buy an 8 percent stake in Philippine housing developer 8990 Holdings Inc , its first investment in the Philippines.

Khazanah will pay 215 million ringgit ($65 million) for the stake, it said in a statement.

($1 = 3.2650 Malaysian Ringgit)

(Reporting by Yantoultra Ngui; Editing by Edwina Gibbs)

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