Author name: exchangemsia_admin

Private equity firm Ekuiti Nasional Bhd (Ekuinas) has distributed RM350 million in dividends to its parent Permodalan Nasional Bhd (PNB) following its full exit from petroleum tanker operator Orkim Bhd. Ekuinas said the payout is part of the RM828 million in gross proceeds it generated from the sale of Orkim shares during its IPO and the subsequent transfer of its remaining 60% stake post-listing to PNB for long-term management. The dividend is intended to benefit PNB unit trust holders. Ekuinas originally acquired Orkim in 2014 for RM346.3 million and developed it into Malaysia’s leading Malaysian-flagged tanker operator with over 50% market share. Orkim was listed on the Main Market of Bursa Malaysia on Dec 9 last year at 92 sen per share. Ekuinas sold 300 million shares in the IPO through its investment vehicle Tetap Kuasa Sdn Bhd, raising RM276 million. The remaining stake was later transferred to PNB and Amanah Saham Bumiputera as part of its exit strategy. Ekuinas described the process as its first “Bumiputera relay race” milestone, marking a structured handover of assets to long-term institutional owners. Established in 2009, Ekuinas is mandated to support Bumiputera wealth creation and participation in the economy. It was previously under Yayasan Pelaburan Bumiputera before being placed under PNB in July 2025. Beyond Orkim, the firm also completed a divestment in Medispec Sdn Bhd and invested in Bluesify Solutions, reflecting its shift toward sectors such as cybersecurity and digital services. As of end-2025, Ekuinas reported a portfolio of 49 companies, with cumulative Bumiputera equity creation of RM7.1 billion and total shareholder value creation of RM8.5 billion. Healthcare now makes up 29% of its active portfolio, up from 24% a year earlier, as the group reduces exposure to the energy sector. Bumiputera participation in management across its portfolio companies also rose to 36.9%. Ekuinas also said its RM800 million private credit business completed its first two transactions in 2025, offering shariah-compliant financing solutions for mid-market companies. Chief executive officer Aliff Omar said the private credit segment provides more structured financing options while creating a pipeline for future equity investments. The firm also introduced a capacity-building programme targeting Bumiputera companies, with Kopi Hang Tuah selected as its first participant, focusing on governance, leadership and operational improvement.

Bank Negara Malaysia (BNM) has given RHB Bank Bhd approval to begin negotiations with Tokio Marine Asia Pte Ltd on a proposed insurance transaction involving its insurance arm. In a filing, RHB Investment Bank Bhd said the approval allows both parties to commence discussions on the potential disposal of up to 100% of RHB Bank’s stake in RHB Insurance Bhd to Tokio Marine Asia. The proposed deal also includes plans to merge RHB Insurance with Tokio Marine Insurans (Malaysia) Bhd to form a larger combined insurance entity, in which RHB Bank is expected to retain up to a 35% stake. BNM issued its “no objection” letter dated May 11, 2026, indicating that the regulator has no objection for the parties to proceed with negotiations. However, the approval is conditional on the discussions being completed within six months from the date of the letter. RHB stressed that this clearance only allows talks to begin and does not represent final regulatory approval of the transaction. Under the Financial Services Act 2013, the proposed deal will still require approval from the Minister of Finance, following BNM’s recommendation, before any binding agreements can be signed. The bank added that a further announcement will be made once definitive agreements are executed, should the transaction proceed. The proposed move is part of ongoing consolidation activity in the insurance sector, aimed at strengthening scale and competitiveness in Malaysia’s financial services industry.

Penang continued to perform strongly in its investment outlook in 2025, recording RM32.9 billion in approved investments, largely driven by high-technology manufacturing sectors, says Chief Minister Chow Kon Yeow. He said the state remains one of Malaysia’s key economic contributors, supported by strong investor confidence in its industrial ecosystem, skilled workforce, infrastructure and strategic position in the global supply chain. In a written reply during the Penang state legislative assembly sitting on Thursday (May 14), Chow said the state continues to attract quality investments, particularly in electrical and electronics (E&E), semiconductors and medical devices. He said the inflow was supported by policy stability and ongoing state government initiatives, which have helped strengthen investor confidence among both foreign and domestic players, according to data from the Malaysian Investment Development Authority (MIDA). On trade performance, Chow said Penang recorded RM573 billion in exports and RM382 billion in imports in 2025 through Penang Port and Penang International Airport, based on Statistics Department of Malaysia (DOSM) data. He noted that a detailed breakdown of trade specifically handled by the port and airport is not currently available. Overall, he said the strong export and import figures highlight Penang’s role as a key regional trade hub, particularly for high-value and technology-driven industries.