In a much-lauded move, Prime Minister Datuk Seri Anwar Ibrahim launched Pelaburan Hartanah Berhad (PHB) initiative which announced a billion additional units of its Amanah Hartanah Bumiputera (AHB) today (Oct 17).
Citing it as a ruling coalition’s commitment to raise Bumiputera wealth, the initiative was the fifth increase since the AHB scheme was first launched in 2010 as a way to raise Bumiputera equity in commercial real estates.
PHB owns several major commercial properties throughout the country, with assets worth some RM11 billion according to a statement provided by the investment firm.
“This is something very positive for Bumiputera development,” Anwar said in his launching speech.
The investment firm said the additional units announced today are from PHB’s recent asset injections, among them the KPJ Damansara 2 Specialist Hospital and Marlborough College in Iskandar Putri, Johor.
Today’s addition means there are 5 billion units for public subscription to date.
