PHNB now fully owned by PNB

Pelaburan Hartanah Nasional Bhd (PHNB) is now wholly owned by Permodalan Nasional Bhd (PNB) after PNB acquired the remaining 30 per cent stake from Malayan Banking Bhd (Maybank) last month.

In a statement today, PNB said the purchase of the remaining 300,000 ordinary shares held by Maybank was completed on Dec 29.

"With this development, PNB now holds 100 per cent of PNB's overall issued and paid-up capital," it said.

PHNB manages Amanah Harta Tanah PNB (AHP) and PNB Property Trust (PPT), it said.

PNB said AHP, the country's first real estate investment trust (REIT), was launched in 1989 and listed on Bursa Malaysia since 1990, while PPT is a private REIT wholly owned by PNB.