Its associate Pulau Kapas Ventures Sdn Bhd’s stake in TIME dotCom Bhd will be reduced to 25.1% from 28.8% previously.
TIME dotCom has recently achieved a market capitalisation exceeding RM10 billion for the first time in February 2023.
TIME is a telecommunications provider specialising in domestic and international connectivity, data centre, cloud and managed services solutions catered to the retail, enterprise and wholesale markets. Khazanah added that GTI’s stake in PKV would also increase following the exercise, reflecting its commitment to TIME’s long-term growth.
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