Published: 2009/03/17
Permodalan Nasional Bhd (PNB), a state-run fund manager, is creating a large property group with yearly revenue of RM1.3 billion by combining three property companies under one roof, sources said.
The merger of Island & Peninsular Bhd, Pelangi Bhd Petaling Garden Bhd will help PNB to squeeze more profits from a leaner organisation.It expects to complete the deal next month."It is slightly delayed from March.
The idea, as always, is to create more value," said a source familiar with the deal. He declined to be identified because the information is confidential.This would probably be the second such mega merger under the PNB group of companies.
In 2007, it completed the merger between Sime Darby Bhd, Golden Hope Plantations Bhd and Kumpulan Guthrie Bhd to create the world's largest listed plantation group.
About Me
- Nuang
- Ibrahim bin Ramli@Nuang started his career with CIMB Wealth Advisors Berhad as Agency Manager in April, 2008.Previously he was an Internal Auditors and Accounts Executive with Perodua Sales Sdn Bhd since 17 August, 1994. His background:- 1.Certified of Achievement for Master Sales Leadership from Dr Lawrence Walter Ng of President of The Art Of Learning and International Of Learning Without Learning 2.Certified for eXtra Ordinary Performance of Lawrence Walter Award Certificate for One Million Ringgit Club 2007 3. Certified Life & General insurances 4. Conferred with Diploma in Business Studiess & Bachelor of Business Admin(Hons)Finance from UiTM, Terengganu Branch & Shah Alam respectively;
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