Norwegian fund buys 1.3% stake in Daya Material


PETALING JAYA: Norges, Norway’s sovereign wealth fund which ranks as one of the world’s largest funds with some US$810bil (RM2.5 trillion), has taken up some 18 million Daya Material Bhd’s shares at 34.5 sen under the latter’s recently concluded 10% private placement, according to sources.

This means that Norges now owns about 1.3% of Daya.

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Business , Norges , Daya , placement

   

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