Only last week, Widad reportedly proposed to take over the toll roads under PLUS Expressways.
TNG Fintech acquired 60% stake in Tranglo from Malaysian government-linked PE fund manager Ekuinas in October 2018.
The deal is in line with GD Express's ambition to build a regional delivery network in Southeast Asia.
The platform, named Preferred Access, seeks to lower the barriers of private equity play for Singapore's retail investors.
The deal confirms DealStreetAsia's earlier stories on Indosat's tower sale plans and Protelindo's interest.
Strandbags, which led the round, is owned by Michael Lewis, the chairman of South-African based retailer The Foschini Group.
Earlier, sovereign wealth fund Khazanah submitted a proposal to sell its ownership in PLUS to the government.
In March 2019, Shopmatic acquired 50.1% stake in omnichannel management software for brick-and-mortar stores called Octopus Retail.
ING is creating a $65 million three-year revolving facility for the healthcare-focused fund.
SGX-listed crushed limestone producer GCCP Resources will acquire Indonesian palm oil producer, Arjuna Utama Sawit, in an RTO deal.
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