Ka Kay Lum
Singapore-based Frasers Property holds a 31.15 per cent stake in the REIT via its SGX-listed retail REIT Frasers Centrepoint Trust.
Cradle Fund’s current chief investment officer Juliana Jan will be the acting CEO for CSV.
E-hailing operators and drivers say the new regulations will adversely affect them, while taxi companies have asked the government to stick to timeline.
The investment was made out of COPE Private Equity’s fourth fund.
It may take at least another six months for QSR to go public.
The debt financing was undertaken with three global financial institutions, Deutsche Bank, Goldman Sachs and Natixis.
The government says the digital tax will provide a level playing field to local and foreign companies and online and offline service providers.
The fund currently only has one office in Asia in Hong Kong, which was opened in 2013.
Bank Pembangunan Malaysia Bhd has appointed Arshad Mohamed Ismail as its president and group CEO.
The deal marks Yoshimoto Group’s first overseas investment in a media company.