By Elffie Chew
It is seeking to cut operating costs as uncertainty over the U.K.’s exit from the European Union looms.
The IPOs, which were postponed last year due to weak markets, could together raise as much as $900 million.
Khazanah MD Shahril Ridza Ridzuan said the wealth fund’s investment in MAS remains relevant despite the airline missing its target to breakeven last year.
PNB is also looking to increase its global asset allocation from the current two per cent to four per cent.
A potential sale of the business could fetch as much as $2 billion.
The government is seeking to tap new revenue sources to boost its fiscal position.
Ekuinas has an option to up its stake up to 54 per cent.
Malaysia’s ACE Market-listed logistics company Asdion Bhd is acquiring Kingdom Infra Holdings Sdn Bhd for $16.25 million.
The acquisition was done via PNB-Kwasa International 2 Ltd, a 65:35 joint-venture between PNB and EPF.
The SC also hopes to see greater participation from the private sector to spur the local venture capital and private equity industry.