Midana Capital Inc website.

Malaysian VC Midana Capital to invest $6.5m this year


It will be a huge jump from total $2m invested last year in six firms.

PE-backed Serba Dinamik debuts at Bursa, raises $135m from IPO

CMS Opus has sold a portion of its interest in it as part of listing exercise

Ingenious plots to clock public deals worth upto $13.5m in 2017

It expects to have a double digit growth in deal size this year

Malaysian startup Printcious aims to become ASEAN version of Zazzle

Printcious believes it can grow its revenue by another 50 per cent this year and next year

Saudi Aramco shelves plans for Malaysia venture with Petronas

Saudi Aramco has shelved plans for a multi-billion-dollar refining and petrochemical joint venture with Petronas in Malaysia, industry sources familiar with the matter told Reuters on Wednesday. The Refinery and Petrochemical Integrated Development (RAPID) at Pengerang in the state of Johor in southern Malaysia was to have had a 300,000-barrel-per-day refinery and… Read more »

Malaysia: Loob to create own brand after Chatime franchise dispute

Loob Holdings runs 165 Chatime outlets in Malaysia

CIMB said to be in talks to sell $200m stake in brokerage arm

It is in talks with China Galaxy Securities Co for this stake sale

Malaysia’s RHL Ventures invests in US-based tech startup Sidestep

Sidestep app allows users to skip long queues during live events

Malaysian drilling services firm UMW-OG to buy Icon Offshore

Malaysian offshore drilling services company UMW Oil & Gas Corp Bhd (UMW-OG) said it would buy Icon Offshore Berhad in a deal that values theoffshore support vessel provider at 588.6 million ringgit ($132 million). UMW-OG will first acquire government-linked private equity firm Ekuiti Nasional Berhad’s (Ekuinas) indirect stake of 42.3… Read more »

Malaysia SC introduces new framework for mineral, O&G firms’ listing

The framework will take effect on March 20 this year.