PNB may merge its big property firms


Sime Darby

PERMODALAN Nasional Bhd (PNB) is looking to merge three of its biggest property companies in a move to extract value from its portfolio of companies.

Sources say the fund is studying a move to amalgamate S P Setia Bhd, Island & Peninsular Sdn Bhd and the property businesses of Sime Darby Bhd to bring about efficiencies in its broader shareholding, and in the process create the largest property company in Malaysia.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , property , merger , pnb , largest

   

Next In Business News

Bank Negara international reserves up at US$118bil
Affinity in talks to buy Penang-based Golden Fresh
AirAsia founder plots low-cost Dubai-like hub in Bangkok, Kuala Lumpur
China makes moves in digital culture market
Over 90% of entrepreneurs have yet to adopt e-invoicing - expert
Oil heads for weekly gains on anxiety over intensifying Ukraine war
S&P lowers outlook on three Adani units after US indictment of founder
Bumi Armada posts higher net profit of RM211.33mil in 3Q
Affin Bank's net profit jumps 45% to RM145.82mil in 3Q
KLCI remains positive as heavyweights bounce higher

Others Also Read