PNB plans project near Merdeka Stadium

PERMODALAN Nasional Bhd (PNB) will intensify its investment in the property sector by developing its 7.2-ha land near Merdeka Stadium.

Group president and chief executive Tan Sri Hamad Kama Piah Che Othman said the mixed development project would start next year.

Property was a new source of income for the company and "PNB will intensify its property investment because we want to ensure each property belonging to PNB brings suitable returns," he said.

PNB would ensure the project meet market expectations and give added value to its investment, he told reporters after giving away donations to seven orphanages in Selangor today.
On Amanah Saham 1Malaysia, Hamad Kama Piah said about 2.4 billion units had been subscribed so far.

The unit trust was launched by Prime Minister Datuk Seri Najib Tun Razak on July 31 with a size of 10 billion units.

By Bernama