PNB to sell another company in Dec
Bernama
November 21, 2012 02:35 MYT
November 21, 2012 02:35 MYT
Permodalan Nasional Bhd (PNB) will be announcing the sale of another company latest by end of next month,
said its President and Group Chief Executive, Tan Sri Hamad Kama Piah Che Othman.
The process might take a while considering that it involves a company which is under a public listed company owned by PNB and which is considerably larger than the other four companies announced for sale previously, he said.
"An announcement will be made by the company itself," he said, declining to give further details on the matter.
Hamad Kama Piah was speaking to reporters after announcing income dividend for the Amanah Saham Nasional 3 Imbang unit trust fund here Tuesday.
In May this year, PNB had announced its plans to sell FEC Cables Sdn Bhd and three more companies through its investee company, UMW Holdings Bhd, namely U-Travelwide Sdn Bhd, U-Insurance Sdn Bhd and
Inobel Sdn Bhd, for which the advertisements were made in July.