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Westports dips on news of Khazanah's divestment
Sovereign wealth fund sells all of its 4.74% stake in Malaysian port operator; shares down 0.6% to RM2.98
Westports' prospects had picked up on news that three mainline operators - CMA-CGM, China Shipping Lines Co and United Arab Shipping Co - had formed the Ocean Three route-sharing alliance which will kick off by the end of the year.
FILE PHOTO
Kuala Lumpur
SHARES of Westports Holdings declined 0.6 per cent on Monday to RM2.98 apiece on news over the weekend that sovereign wealth fund Khazanah Nasional had completely divested its 4.74 per cent interest in the Malaysian port operator.
The news of the divestment wasn't...
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