Ekuinas in talks to acquire subsidiaries of GLCs

Unlocking values: Arshad (left) and Syed Yasir at the event. Ekuinas has identified several potential companies.

Fresh from launching its new investment fund amounting to RM1bil, state-linked private equity firm Ekuiti Nasional Bhd (Ekuinas) is targeting to acquire subsidiaries of government linked companies (GLCs).

Chief executive officer Syed Yasir Arafat Syed Abd Kadir says the firm had identified several potential companies and is in talks with them.