KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) marked the first bumiputra “relay race” milestone under the government-linked investment company (GLIC) ecosystem following the transfer of a 60% stake in Orkim Bhd to Permodalan Nasional Bhd (PNB) after the tanker operator’s initial public offering (IPO).
The transaction, completed after Ekuinas’ 11-year investment journey in Orkim, generated RM828mil in gross proceeds, of which RM350mil was distributed as dividends to PNB for the benefit of its unit trust holders, according to Ekuinas’ 2025 Impact Report released yesterday….