Ka Kay Lum
Bursa-listed Fintec Global has picked a 75 per cent stake in Zouk Club (KL) for $7.15 million cash.
The funds will invest in technology, infrastructure, healthcare, tourism and impact-related projects in China.
The firm is in the market to raise about $1.75 billion for its eighth fund.
Khazanah MD Shahril Ridza Ridzuan said the wealth fund’s investment in MAS remains relevant despite the airline missing its target to breakeven last year.
PNB is also looking to increase its global asset allocation from the current two per cent to four per cent.
The VC firm is learnt to have secured $80 million in commitments for the fund so far.
Vickers is seeking to raise up to $500 million for the sixth fund.
The latest round comes shortly after Yijiupi closed its $200 million Series D round five months ago, which was led by Meituan and Tencent.
Ekuinas has an option to up its stake up to 54 per cent.
Malaysia’s ACE Market-listed logistics company Asdion Bhd is acquiring Kingdom Infra Holdings Sdn Bhd for $16.25 million.