Written by The Edge Financial Daily
Tuesday, 09 February 2010 12:29
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KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has set a minimum target financial return of 12% in internal rate of return (IRR) on its investment portfolio and targets to achieve 20% IRR.
Its chief executive officer Datuk Abdul Rahman Ahmad said on Tuesday, Feb 9 the investments would be in six areas --
- oil and gas,
- retail and leisure,
- fast moving consumer goods, including food and beverage.
He said Ekuinas' objective equitable Bumiputra economic participation within the Malaysian economy, which shall measured by four dimensions -- enhancing equity ownership, growing a pool of qualified management, increasing employments and creating value for Bumiputra supply chain partners.
"It is critical that Ekuinas be commercially driven as we strongly believe only with viable and profitable investments can Ekuinas achieve its social objectives sustainably," he said.
Abdul Rahman said in terms of direct investment, Ekuinas shall seek buy-out transactions with an investment size of at least RM30 million and a meaningful stake of no less than 20% to enable Ekuinas to be an active shareholder that derives value creation.