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Khazanah, TPG buy into Manila developer

Published Wed, May 14, 2014 · 10:00 PM
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[MANILA] Malaysia's state investor Khazanah Nasional and global private investment firm TPG have agreed to buy US$132 million worth of shares in 8990 Holdings Inc, the Philippine mass housing developer said yesterday.

Khazanah and TPG have committed to subscribe to about two-thirds of 8990 Holdings' follow-on equity offering that raised nine bi…

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