UPDATE 1-Malaysia govt to cut stakes in listed firms

Newswire

(Adds quotes, details) PUTRAJAYA, Malaysia, Sept 21 (Reuters) - Malaysia's government will further cut its stakes in the country's listed firms, but only when the time is right, a minister said on Friday. Malaysia's holdings in state-linked firms make up nearly 40 percent of the $292 billion local market. Since 2004, state investment arm Khazanah Nasional Bhd has been tasked with reforming these firms with an ultimate aim to reduce state equity. Asked whether the government was ...

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