KUALA LUMPUR, Jan 14 – Khazanah Nasional Bhd has so far pumped in RM1 billion into equity investment firm ValueCap Sdn Bhd to help shore up the market, its Managing Director, Tan Sri Azman Mokhtar said. He said there was a billion has gone in so far. He said ValueCap Sdn Bhd don’t need the whole amount in one shot, so ValueCap Sdn Bhd will progressively draw down on those commitment. He said this at the 12th Khazanah Annual Review here, Wednesday.
In September last year, Prime Minister Datuk Seri Najib Razak said RM20 billion would be injected into ValueCap to boost the stock market. Minister in the Prime Minister’s Department Abdul Wahid Omar said the RM20 billion fund injection into ValueCap would come from Khazanah Nasional Bhd, the Retirement Fund (Incorporated) (KWAP) and Permodalan Nasional Bhd.
