Permodalan Nasional Berhad (PNB) is said to be looking to dispose of a portion of its shares in IHH Healthcare Berhad (KLSE:IHH) and PETRONAS Chemicals Group Berhad (KLSE:PCHEM) and could raise MYR 1.6 billion in the process, according to sources. However, it is not clear what PNB plans to do with the funds raised from the sale of its shares in IHH and PetChem. Nevertheless, if its goal is to raise cash, the shares will be easy to dispose of.

When asked to confirm that it plans to sell some of its shares in IHH and PetChem, PNB responded that as a matter of policy, it does not comment on market rumours or speculation.