2 Jamadilakhir 1433
PUTRAJAYA, April 23, 2012 - Prime Minister Datuk Seri Najib Tun Razak announced the disposal of another 10 companies -- five under the Permodalan Nasional Berhad (PNB) stable and another five subsidiaries of Khazanah Nasional Bhd.
The disposal was to enable all the companies to be handed back to Bumiputera companies through open tenders, said Najib, who is also Finance Minister.
The decision was made at the two-hour Bumiputera Agenda Action Council meeting chaired by Najib, here Monday.
The prime minister said the decision would facilitate PNB, Malaysia's biggest fund manager, and Khazanah, the government's investment arm, to dispose non-core businesses besides providing the opportunity to potential and proven track record Bumiputera firms to take over the companies to develop them further.
More information : BERNAMA
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