PERMODALAN Nasional Bhd (PNB) has assets under management of RM312bil. The money put into SAPURA ENERGY BHD’s fund raising exercise in late 2018 makes up less than 1% of the assets under management.
But it makes up for 90% of the bad publicity that the national investment fund receives in recent weeks
PNB’s decision to put more money into Sapura Energy was made during the tenure of Tan Sri Abdul Wahid Omar and Datuk Abdul Rahman Ahmad. At that time, PNB was also a major shareholder in UMW Oil and Gas Bhd, now known as Velesto Energy Bhd.
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