Economic rebound: Zeti suggests investors look beyond 2020, as she expects a rebound in the economy and that PNB is set to benefit as it has taken advantage of the weakness in the market to accumulate good stocks.
Permodalan Nasional Bhd (PNB), the country’s largest fund manager, surprised the market this week after announcing that it plans to sell its entire stake in one of its flagship investee companies – Chemical Company of Malaysia Bhd (CCM).
PNB said it has entered into a deal with a public-listed company Batu Kawan Bhd
to sell its 56.3% stake in CCM for RM292.8mil or RM3.10 per share.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
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!
