Company Overview of Permodalan Nasional Berhad
Permodalan Nasional Berhad is based in Kuala Lumpur, Malaysia. It is the current investment arm of Yayasan Pelaburan Bumiputra.
Level 4, Menara PNB
201-A, Jalan Tun Razak
Kuala Lumpur, 50400
Key Executives for Permodalan Nasional Berhad
President and Group Chief Executive
Group Chief Operating Officer and Deputy President
Compensation as of Fiscal Year 2014.
Permodalan Nasional Berhad Key Developments
Sime Darby Denies Acquisition Of S P Setia From Pemodalan Nasional
Mar 27 15
Sime Darby Berhad (KLSE:SIME) denied seeking acquisition of S P Setia Berhad (KLSE:SPSETIA) from Permodalan Nasional Berhad. S P Setia Bhd said reports relating to a potential merger of the property developer with Sime Darby Bhd's property arm is mere speculation, and that the company is not privy to the details of the rumoured corporate move. "It's just speculation and we don't know the details, so it is very difficult to comment. If there is any kind of corporate activity, the board will deliberate and then we will make a statement on it.” "Other than that, we read it from the paper, just like you," Datuk Khor Chap Jen , Acting President and Chief Executive Officer of S P Setia Bhd, said quipped at a press conference after the group's annual general meeting on March 26, 2015.
Sime Darby Reportedly Mulls Acquisition Of S P Setia From Pemodalan Nasional
Mar 16 15
Sime Darby Berhad (KLSE:SIME) reportedly is seeking acquisition of S P Setia Berhad (KLSE:SPSETIA) from Permodalan Nasional Berhad. The Edge weekly reported that a proposal has been put forward to the relevant parties for Sime Darby to buy Pemodalan Nasional Bhd’s stake in S P Setia Bhd as a first step towards consolidating the property portfolio of PNB. PNB owns 51.1% of S P Setia.
Sime Darby's Property Arm Reported Mooted To Takeover S P Setia
Jan 12 15
A high level initiative has began for a proposal for the property arm of Sime Darby Berhad (KLSE:SIME) to take over S P Setia Berhad (KLSE:SPSETIA). About two months ago by a few senior management of S P Setia mooted the proposal and conveyed to the top brass of Permodalan Nasional Berhad (PNB) and Sime Darby. A source stated: “So far, there has been no resistance to the proposal. It is not something out of the blue as this was talked about by the dominant shareholder. This time it is coming from the key people in S P Setia. They see a need for a strong leadership in S P Setia for the greater benefit of shareholders.” PNB plans to merge all its property companies under its stable and list it. However the plan had not taken off yet although there were consultants who had worked on it quite substantially, a source said. A banker stated: “But S P setia is not part of the plan. Any corporate exercise between the two companies would need shareholders approval.” Another source said: “If PNB does decide to amalgamate all its property assets, it must find a vehicle. This should not be an issue at all. S P Setia seems to have “a better branding” than the other property companies in PNB’s stable. The most pressing problem in S P Setia is not land or sales. It is management execution and PNB’s perceived inertia.”
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