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

Foreign investors turn net buyers with RM42.5mil equities inflow last week
Trading in Sunway, IJM shares suspended pending anouncement
FBM KLCI maintains rally as risk appetite improves
Trading ideas: Capital A, Iconic, UEM, MMAG, Meta Bright, KKB, Global Oriental, Reneuco, ITMAX, Insights Analytics
Ringgit opens marginally lower as US policy repricing lifts DXY
JPMorgan poised to profit from Maduro arrest
MyBeST charges up for execution
MiniMax shares double in IPO debut
Data centres underpin earnings for power companies�
The Week Ahead

Others Also Read