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PNS Plans RM150MIL Financing, Investment

Date : 17/03/16
Source : The Star Online

KUALA LUMPUR: Perbadanan Nasional Bhd (PNS) has allocated between RM130mil and RM150mil for financing and investment purposes this year as it plans to foray into the plantation business.

Managing director Datuk Syed Kamarulzaman Syed Zainol Khodki Shahabudin said of the amount, up to RM50mil would be set aside for the equity segment and RM40mil each for franchise and property development.

“We are looking at a return rate of 3.75% for franchise, 5% to 7% for property and 10% to 20% for equity,” he told reporters at a briefing on the company’s 2017 strategic plans here. Syed Kamarulzaman said PNS would continue to focus on franchise and entrepreneurship development programmes this year.

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