The investment firm has also offloaded its stake in Pos Malaysia Berhad and Time dotCom Berhad.

BBC: Proton stake sold by Khazanah to DRB-Hicom

SingTel just announced that he had reached a "non-binding conditional agreement" to take 14.5% of Time Engineering, 20% of Time dotCom and 20% of Time's new Internet Service Provider, Time Online.

CNN: Business: SingTel Wins One At Last

SingTel appears to be buying a minority stake in Malaysia's debt-ridden Time Engineering, and its wholly owned subsidiary Time dotCom (Time Engineering itself is part of the politically well-connected Renong Group).

CNN: Business: SingTel Wins One At Last