Anwar to look into Khazanah’s sale of Kidzania Singapore

Anwar to look into Khazanah’s sale of Kidzania Singapore

The sovereign wealth fund reportedly invested RM165 million into the theme park but sold it for just RM379,398.

Prime Minister Anwar Ibrahim said he will hold a meeting with Khazanah Nasional on the sale of Kidzania Singapore.
CYBERJAYA:
Prime Minister Anwar Ibrahim says he will look into the reported sale of a Singapore theme park owned by Khazanah Nasional Berhad at a substantial loss.

“We will hold a meeting with them (Khazanah),” he told reporters after Friday prayers.

He was asked to comment on a report by The Vibes that sovereign wealth fund Khazanah sold Kidzania Singapore for a mere RM379,398 after investing RM165.5 million in the theme park.

The report said that theme park operator Sim Leisure Group had purchased Kidzania Singapore after it went into liquidation, including all of its non-movable assets.

Singapore Business Times reported that under Khazanah’s management, Kidzania Singapore recorded RM51.73 million in revenue and RM28.63 million in losses after tax.

Furthermore, the children’s theme park also owed RM184.17 million to creditors, with around 93% of the debt owed to Theme Attractions Resorts and Hotels Sdn Bhd (TARH), which is a Khazanah subsidiary.

Meanwhile, Anwar denied rumours that deputy prime minister Ahmad Zahid Hamidi was away on holiday for two weeks.

“No such thing,” he told reporters briefly.

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