Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

South Africa’s Naspers to list e-commerce ventures in Amsterdam

Naspers’ e-commerce ventures include stakes in China’s Tencent Holdings, Russia’s mail.ru, India’s Swiggy and others.

FWD completes acquisition of HSBC’s Malaysian insurance unit, names new CEO

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.

PE firm KV Asia Capital said to target $300m for upcoming Fund II

The firm is currently working on the last few investments from its $263-million first fund.

Malaysia’s PNB rules out any plans to issue exchangeable bonds

PNB has denied that its board had approved or considered any plans of an exchangeable bond programme.

MY Digest: Fintech Global buys Zouk; Fortress Minerals to list on Catalist

Bursa-listed Fintec Global has picked a 75 per cent stake in Zouk Club (KL) for $7.15 million cash.

SG’s Tembusu Partners to launch Chinese funds worth $149m in Guizhou

The funds will invest in technology, infrastructure, healthcare, tourism and impact-related projects in China.

PE firm Navis Capital secures $200m from US govt fund for eighth vehicle

The firm is in the market to raise about $1.75 billion for its eighth fund.

Need to find new ways to strengthen the airline industry, says Khazanah

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.

Malaysia’s government-linked funds PNB, KWAP eye bigger PE play

PNB is also looking to increase its global asset allocation from the current two per cent to four per cent.

Golden Gate Ventures, Hanwha said to seek $200m for growth fund

The VC firm is learnt to have secured $80 million in commitments for the fund so far.