Kuala Lumpur
IN a bid to extract greater shareholder value out of its portfolio companies, Malaysia's biggest state-owned fund manager Permodalan Nasional Bhd (PNB) has indicated that it would focus more this year on demerging units or hiving off assets of underperforming companies, particularly those with multi-businesses.
At an annual review of the fund's 2016 performance on Monday, PNB group chairman Abdul Wahid Omar talked about creating "simpler focused structures, streamlined pure plays which...