JKH second-largest shareholder sells entire stake to foreign entity

January 9, 2020 11:02 am

Broga Hill Investment Limited has sold its entire stake to a foreign entity for an amount of Rs 22.69 billion.

Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, Broga Hill Investment Limited is the second largest investor of John Keells Holdings (JKH).

Reportedly, 141,854,717 shares equivalent to 10.8% of John Keells Holdings have been sold to a foreign buyer this morning (09).

The trade marked the second-highest turnover in history, after Sri Lanka Telecom share transaction for Rs 32 billion in 2008.

Market sources said the buyer is believed to be a foreign registered company.

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