Petaling Garden also going private

PETALING JAYA: Permodalan Nasional Bhd (PNB) has proposed to take Petaling Garden Bhd private for RM493mil, the asset manager's second offer in three days to buy out minority shareholders in property companies in which it already owns majority stakes. 

Under the plan announced by AmInvestment Bank Bhd yesterday, PNB will offer RM2.50 for each Petaling Garden share not owned by the group.