Khazanah not currently in talks to sell stake in joint ventures with Temasek

Singapore

TALK of Khazanah Nasional Bhd seeking to sell its stake in M+S Pte Ltd resurfaced this week - this time in a report by a Malaysian newspaper.

M+S - a 60:40 joint-venture company with Singapore's Temasek Holdings - is the developer of two iconic mixed-development projects in the city state, the Duo in the Ophir-Rochor area and and Marina One in Marina Bay that are worth a combined S$11 billion in gross development value.

Checks by The Business Times reveal that both parties have not held talks on the ma…