Short Position


New Mercedes Benz cars are seen in a carpark near Barcelona, Spain, January 18, 2017. REUTERS/Albert Gea

A giant awakens 

QUITE a bit has happened in the stable of companies under Permodalan Nasional Bhd (PNB) since Tan Sri Abdul Wahid Omar took over on Aug 1 last year, the latest being the series of exercises involving UMW Holdings Bhd and its listed subsidiary UMW Oil and Gas Corp Bhd (UMW-OG), both PNB-related companies, and Ekuiti Nasional Bhd (Ekuinas) and its controlling stake in Icon Offshore Bhd as well as the sale of Orkim Sdn Bhd, which is owned by Ekuinas.

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