August 14th, 2007 by Hafiz Noor Shams
With the proliferation of government intervention in the market nowadays, the terms privatization and nationalization can be confusing. For instance, PNB which has expressed its interest to take MIDF private:
PETALING JAYA: Pemodalan Nasional Bhd (PNB) has proposed to take private Malaysian Industrial Development Finance Bhd (MIDF) by buying the remaining 79.98% shares it does not own for RM1.90 each. [PNB offers RM1.90 to take MIDF private. The Star. August 14 2007]
PNB is no private equity entity. Instead, PNB is an investment firm ultimately wholly-owned by the government of Malaysia through Yayasan Pelaburan Bumiputra. Wouldn’t that mean this exercise would actually nationalize MIDF?