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Ekuinas increased number of direct and outsourced investments to 58 in 2017

May 15, 2018 8:48 AM
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KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has increased the number of direct and outsourced investments to 58 in FY17 from 53 in FY16 and a total committed investment of RM3.6 billion compared to RM3.0 billion in 2016.

CEO Syed Yasir Arafat Syed Abd Kadir said to date, Ekuinas has recorded a total realisation proceeds amounting to RM2.3 billion from divestment activities, dividend income and interest income.

Ekuinas foresees 2018 to be another challenging year for the market, which may impact irs portfolio companies due to internal and external factors such as changes in the global economic and business landscape.

2017 saw Ekuinas' maiden foray into the manufacturing sector with the acquisition of Davex (Malaysia) Sdn Bhd.

Source: thesundaily.my

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