Ka Kay Lum
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.
Jawala expects its post-IPO market capitalisation to be about $29.6 million ($22.1 million).
Legend Capital also led the startup’s series B round in 2016.
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.
The buyer consortium also includes CDPQ and Ontario Teachers’ Pension Plan, and values the German service provider, Techem, at $5.38 billion.
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.
Earlier this month, IHH had issued an extended the acceptance period of the enhanced revised proposal from May 15, 2018 till May 29, 2018.
Vickers set up a new office in Kuala Lumpur in March this year to focus on investments in the country.
GrabFood is also available in Vietnam, Thailand and Indonesia.
The funding round was joined by ARCH Venture Partners, 6 Dimensions Capital, Boyu Capital and Blue Pool Capital.