Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

MY Digest: KWAP says SRCI paying interest on $1.1b loan; EPF says short-term volatility normal

The Malaysian civil service pension fund has reaffirmed that SRC International Sdn Bhd, a former subsidiary of debt-ridden 1Malaysia Development Bhd, is still making regular interest payments on its RM4.385 billion ($1.1 billion) loan from KWAP.

Malaysian forest firm Jawala aims to raise $3.36m in SGX-listing

Jawala expects its post-IPO market capitalisation to be about $29.6 million ($22.1 million).

Chinese e-commerce JollyChic raises Series C from Sequoia, Legend Capital; enters unicorn club

Legend Capital also led the startup’s series B round in 2016.

Could it be stormy weather ahead for Malaysia’s government-linked funds?

Amid the pick-up in pace of the investigation into the scandal-ridden 1Malaysia Development Berhad (1MDB) by the new Mahathir government, some question marks have also emerged over the role played by government-linked funds.

Macquarie sells sub-metering services provider to Partners Group-led consortium

The buyer consortium also includes CDPQ and Ontario Teachers’ Pension Plan, and values the German service provider, Techem, at $5.38 billion.

Hong Kong’s Razer completes acquisition of MY-based MOL Global

The acquisition plan was announced in April, where Razer said it intended to acquire the 65.1 per cent stake it did not already own in MOL Global.

Malaysia’s IHH Healthcare extends offer for India’s Fortis yet again till June 30

Earlier this month, IHH had issued an extended the acceptance period of the enhanced revised proposal from May 15, 2018 till May 29, 2018.

Regime change may slow down fundraising for Malaysia fund: Finian Tan

Vickers set up a new office in Kuala Lumpur in March this year to focus on investments in the country.

Malaysia Digest: GrabFood lands in KL; Media Prima eyes acquisitions and JVs

GrabFood is also available in Vietnam, Thailand and Indonesia.

Sequoia, Yunfeng back $260m round in healthcare startup Brii Biosciences

The funding round was joined by ARCH Venture Partners, 6 Dimensions Capital, Boyu Capital and Blue Pool Capital.