Friday, April 3, 2015

SOUTH EAST ASIAN STRATEGIC ASSETS FUND EXITS CHERAS-KAJANG HIGHWAY IN MALAYSIA

SINGAPORE, April 3 (Bernama-BUSINESS WIRE) -- The South East Asian Strategic Assets Fund L. P. (SEASAF), advised by Capital Advisors Partners Asia Pte Ltd (CapAsia), a private equity fund management company specialising in infrastructure investment in Southeast Asia, today announced it has completed the divestment of its 35% equity interest in Cerah Sama Sdn Bhd, which is the investment holding company of Grand Saga Sdn Bhd, the concession holder that owns and operates the 11.5KM Cheras-Kajang Highway in Malaysia to TEI Sdn Bhd, a joint venture between Taliworks Corporation Berhad and the Employees Provident Fund Board of Malaysia.

http://mrem.bernama.com/viewsm.php?idm=24158

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