Ka Kay Lum
The Singapore office will be the fifth for the VC firm, after Menlo Park, California, Shanghai and Beijing.
Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development (JOIN) would take a 30 per cent stake in Tasco Yusen Gold Cold Sdn Bhd.
Jamaludin will oversee investments and fundraising for the VC firm in Malaysia and manage a joint fund launched with Pakistan’s Fatima Ventures.
Following the divestment, CRCT’s portfolio will have 10 malls in seven Chinese cities, while CapitaLand’s retail network in China will comprise 51 malls in 21 cities.
It will continue to focus on control buyout investments in Japan with a related Greater China focus.
How should smaller and first-time funds differentiate themselves then? The key is specialisation.
Sama will continue to be the senior adviser to SoftBank and respresent the Japanese company on the boards of US-based online lender SoFi and energy renewable business SB Energy.
Carimin Petroleum has picked up a 60% stake in oil and gas inspection, repair and maintenance (IRM) service provider Subnautica Sdn Bhd.
The round was joined by Capital Today, Eastern Bell Venture Capital and Longzhu Capital, the investment arm of Chinese unicorn Meituan-Dianping.
PNB recorded a four per cent drop in net income at $4.17 billion amidst a challenging year.