Ka Kay Lum
Naspers’ e-commerce ventures include stakes in China’s Tencent Holdings, Russia’s mail.ru, India’s Swiggy and others.
Owned by tycoon Richard Li, FWD is now the largest shareholder in the joint venture and intends to rename the business to FWD Takaful Bhd.
The firm is currently working on the last few investments from its $263-million first fund.
PNB has denied that its board had approved or considered any plans of an exchangeable bond programme.
Bursa-listed Fintec Global has picked a 75 per cent stake in Zouk Club (KL) for $7.15 million cash.
The funds will invest in technology, infrastructure, healthcare, tourism and impact-related projects in China.
The firm is in the market to raise about $1.75 billion for its eighth fund.
Khazanah MD Shahril Ridza Ridzuan said the wealth fund’s investment in MAS remains relevant despite the airline missing its target to breakeven last year.
PNB is also looking to increase its global asset allocation from the current two per cent to four per cent.
The VC firm is learnt to have secured $80 million in commitments for the fund so far.