Kuala Lumpur: PETRONAS has successfully pared down its shareholdings in MISC Berhad (“MISC”) and KLCCP Stapled Group (“KLCC SG”) on Bursa Malaysia Securities on 10 December 2020 via an equity accelerated bookbuilding exercise.
The pare down was carried out as part of PETRONAS’ continued portfolio optimisation efforts to ensure a robust and sustainable portfolio, ready to capture new step-out business opportunities. These sales of shares will result in greater local and international investor participation and ownership in these companies, in addition to increased stock liquidity.
PETRONAS continues to retain controlling stakes in MISC and KLCC SG, which remain to be key solution providers to PETRONAS.
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