KUALA LUMPUR: Khazanah Nasional Bhd is now in the second stage to divest its 32.21% stake in POS MALAYSIA BHD [] which would involve the restricted tender process.
The government's investment arm said on Sunday, Feb 20 that the second stage will run concurrently with the on-going stage one.
'The second stage would involve the restricted tender process that will emphasise on sound strategies and business plans that are sustainable to bring Pos Malaysia to the next level of growth,' it said.
Khazanah said the assessment would also include bidders' ability to ensure Pos Malaysia continues with its universal service obligations as well as the commitment to retain staff.
'The divestment will undergo a fair and transparent process. This process will provide a level playing field, giving all proposals submitted by bidders an equal opportunity,' it added.
Khazanah said bidders must be 51% owned and controlled by Malaysians, with a profile that fits the goal of diversity in terms of ownership under the '1 Malaysia' concept including Bumiputera participation.
The bidders, it said,'' must also possess strong entrepreneurship and management capabilities with proven track record.
The government's investment arm said on Sunday, Feb 20 that the second stage will run concurrently with the on-going stage one.
'The second stage would involve the restricted tender process that will emphasise on sound strategies and business plans that are sustainable to bring Pos Malaysia to the next level of growth,' it said.
Khazanah said the assessment would also include bidders' ability to ensure Pos Malaysia continues with its universal service obligations as well as the commitment to retain staff.
'The divestment will undergo a fair and transparent process. This process will provide a level playing field, giving all proposals submitted by bidders an equal opportunity,' it added.
Khazanah said bidders must be 51% owned and controlled by Malaysians, with a profile that fits the goal of diversity in terms of ownership under the '1 Malaysia' concept including Bumiputera participation.
The bidders, it said,'' must also possess strong entrepreneurship and management capabilities with proven track record.
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