Malaysian state-owned fund manager PNB in demerger mode for 2017

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 per…