Ka Kay Lum

Correspondent, Malaysia
Email: kakay@dealstreetasia.com

MY Digest: Fintech Global buys Zouk; Fortress Minerals to list on Catalist

Bursa-listed Fintec Global has picked a 75 per cent stake in Zouk Club (KL) for $7.15 million cash.

SG’s Tembusu Partners to launch Chinese funds worth $149m in Guizhou

The funds will invest in technology, infrastructure, healthcare, tourism and impact-related projects in China.

PE firm Navis Capital secures $200m from US govt fund for eighth vehicle

The firm is in the market to raise about $1.75 billion for its eighth fund.

Need to find new ways to strengthen the airline industry, says Khazanah

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.

Malaysia’s government-linked funds PNB, KWAP eye bigger PE play

PNB is also looking to increase its global asset allocation from the current two per cent to four per cent.

Golden Gate Ventures, Hanwha said to seek $200m for growth fund

The VC firm is learnt to have secured $80 million in commitments for the fund so far.

Vickers Venture Partners eyes first close of Fund VI by mid-2019

Vickers is seeking to raise up to $500 million for the sixth fund.

Warburg Pincus ploughs $100m into China’s B2B trading platform Yijiupi

The latest round comes shortly after Yijiupi closed its $200 million Series D round five months ago, which was led by Meituan and Tencent.

Malaysia’s Ekuinas picks 40% stake in Exabytes Capital Group

Ekuinas has an option to up its stake up to 54 per cent.

MY Dealbook: Asdion buys supply base firm; Texchem cuts stake in unit; Orlins raises funds

Malaysia’s ACE Market-listed logistics company Asdion Bhd is acquiring Kingdom Infra Holdings Sdn Bhd for $16.25 million.