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Malaysia's Khazanah sells shares of genetics screening MGRC

Sovereign wealth fund lets go of 11% stake in ACE Market-listed company

Malaysia's Prime Minister Muhyiddin Yassin is the chairman of sovereign wealth fund Khazanah Nasional Bhd.   © Reuters

KUALA LUMPUR -- Malaysian sovereign wealth fund Khazanah Nasional Bhd has ceased to be a substantial shareholder in genetics screening company Malaysian Genomics Resource Centre Bhd (MGRC) after a recent share sale.

The development comes after Khazanah sold 12 million shares, an 11.59% stake, through indirect subsidiary Synamatix Sdn Bhd, according to a bourse filing on May 15.

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