PERMODALAN Nasional Bhd (PNB) said yesterday it would keep trimming its stakes in large local firms, becoming the third big state-run asset manager to publicly target divestment in a bid to raise foreign interest in the stock market.
Khazanah Nasional Bhd and the Employees Provident Fund had recently announced plans for asset sales to diversify their portfolios and boost the number of shares available for trading.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!