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Malaysia's Khazanah buys 8 pct stake in Philippines' 8990 Hldgs
April 29, 2014 / 1:40 AM / in 3 years

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

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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