Malaysia’s Reach Energy Bhd has attracted investors including Norway’s US$890 billion sovereign wealth fund in an initial public offering to fund its acquisitions of oil and gas fields. 
Norges Bank Investment Management, the world’s largest sovereign wealth fund, and Malaysia’s pilgrim fund will invest in the 750 million ringgit (S$293 million) IPO, managing director Shahul Hamid Mohd Ismail said in a July 21 interview. The Norwegian fund will own a substantial stake in the special-purpose acquisition company.
Source: Business Times
