Permodalan Nasional Berhad (PNB) has announced that it is conducting a review into its’ investment in Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), which owns and operates key urban highway assets in Malaysia.
The review forms part of PNB’s regular portfolio evaluation and is focused on identifying opportunities to enhance long-term value for its unitholders.
Options under consideration include retaining full ownership of Prolintas assets or introducing a strategic partner to strengthen operational and financial performance.
Reportedly, PNB emphasised that all decisions will be guided by its governance framework, long-term investment objectives, and commitment to protecting Bumiputera and public interests.
The review has attracted industry interest, with IJM Corp Bhd confirming participation in a request-for-proposal (RFP) process to acquire PNB’s highway portfolio.
The assets reportedly under review include the Sungai Besi–Ulu Kelang Elevated Expressway (SUKE), Damansara–Shah Alam Elevated Expressway (DASH), and a 51% stake in Prolintas Infra Business Trust.
Prime minister Datuk Seri Anwar Ibrahim said: “This review process should not proceed is it compromises the long-term benefits for unit holders or negatively impacts PNB’s efforts to contribute to the welfare of the people and national development.”
