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.
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