After RM47m investment in FashionValet, Khazanah and PNB only got RM3.1m from sale; Finance Ministry says loss ‘negligible’

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PNB Nouvelles

Khazanah Nasional,Loss In Sale,Rm47 Million Investment

KUALA LUMPUR, Oct 29 — Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) received RM3.1 million from the sale of their shares in Fashion Valet Sdn Bhd...

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Ex-1MDB lawyer Jasmine Loo says 'inappropriate to comment’ on witness protection status in civil court hearing against Riza Aziz; admits to tax evasion In a written response to the Dewan Rakyat, the MoF described the sale as a responsible exit for Khazanah and PNB, transferring their stakes to strategic investors.

“The total loss from the sale of FashionValet shares is negligible compared to Khazanah’s and PNB’s overall income for the relevant year,” the ministry stated.

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