PNB aims to boost returns


Wahid: As we move down the list of our strategic companies for value-enhancing activities, we will also start engaging with our core companies with a view to improving their total shareholder returns. — Bernama

 PETALING JAYA: Tan Sri Abdul Wahid Omar, the group chairman of Permodalan Nasional Bhd (PNB), is taking on the role of activist investor, promising to engage public-listed companies as the country’s largest fund manager seeks to boost returns.

After completing his first year at the helm reorganising PNB’s strategic firms, Wahid has now set his sights on companies in which the fund has at least a 10% equity interest.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , PNB

Next In Business News

Malaysia's property sector to shift to fundamental- driven growth - Knight Frank
Semico Capital achieves 80% premium over IPO price, raises RM23.2mil
Asia stocks climb as Nikkei jumps to record, earnings loom
Australian, New Zealand dollars rise on yen outflows, weak greenback
Amanda Lacaze to retire as Lynas CEO, MD
Japan's Nikkei hits all-time high on Wall Street rally, snap election bets
Ringgit extends gains against US$ at opening
FBM KLCI hits 1,700 as banks surge to record levels
Trading ideas: Sunway, IJM, TM, Lianson Fleet, HE, Vantris, IGB, Favelle Favco, AnwaBiru, Rexit, Melati Ehsan
S&P 500, Dow hit closing record highs; Walmart, tech climb

Others Also Read