Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

MY Digest: Carimin Petroleum buys Subnautica, BAssets sells 7-Eleven stake

Carimin Petroleum has picked up a 60% stake in oil and gas inspection, repair and maintenance (IRM) service provider Subnautica Sdn Bhd.

Tencent leads Chinese fresh food retailer Yipinshengxian’s $297m Series B

The round was joined by Capital Today, Eastern Bell Venture Capital and Longzhu Capital, the investment arm of Chinese unicorn Meituan-Dianping. 

Malaysia’s PNB picks six global fund managers to boost its PE play

PNB recorded a four per cent drop in net income at $4.17 billion amidst a challenging year.

Is Deliveroo putting its Singapore business up for sale?

It is unclear if Deliveroo is looking to sell only its SG business or mulling an exit from other Asian markets too.

Chinese crowdfunding platform Shuidichou snags $74m Series B

Gaorong Capital, along with IDG Capital, DST Global founder Yuri Milner and others, participated in the financing round.

Tony Fernandes says AirAsia not keen on buying Malaysia Airlines

A local lawmaker had recently said that Fernandes should be given a shot to revive Malaysia Airlines.

SG Digest: Rajah Blue Media backs Adgile; SCA launches accelerator

Singapore-based VC firm Rajah Blue Media Holdings has invested in Australian digital marketing startup Adgile Media’s unspecified Series A round.

Malaysia’s Cuscapi to buy Singapore-based Amplify Me for $1.8m

Amplify Me is in the business of developing e-commerce and technology applications.

Foreign companies are eyeing stake in Malaysia Airlines, says Daim

Loss-making MAS has been seeking to turn itself around since it was privatised by Khazanah in 2014.

MY Digest: Sig Gases gets takeover offer; Boustead Projects forms JV

Sig Gases has received a takeover offer from Air Liquide Malaysia while Boustead Projects is jointly developing an aerospace park.