Liz is the Malaysian correspondent for DEALSTREETASIA. She tracks the growing appetite for private equity and venture capital in Malaysia while also keeping tabs on corporate developments.
She hopped on board in October 2014, after three years in the business desk of the leading local English daily where she developed her financial reporting skills.
She remains fascinated with the movement of capital and the socioeconomic effects it leaves in its trail.
Liz graduated from Universiti Tunku Abdul Rahman, with a BA (Hons) in English Language. She lives about five heartbeats away from the heart of Kuala Lumpur.
Malaysia’s Axiata Group, the largest shareholder in M1 Ltd, has accepted a bid from Singapore investors that valued M1 at $1.4 billion.
The fund will look to trim stakes in companies identified as non-strategic to 15-25% and reduce its physical presence in locations such as London, Mumbai and Silicon Valley.
The minister said an order to recognize digital currencies and digital tokens as securities will come into force on Jan. 15.
A particular focus is how billions of dollars went missing from state fund 1Malaysian Development Berhad (1MDB), founded by Najib in 2009.
Bankers see opportunities in transactions that could emerge from sovereign wealth fund Khazanah Nasional’s portfolio rebalancing, or at other government-linked investment companies.
Malayan Banking Bhd has promoted two insiders to top positions in its investment banking arm Maybank Kim Eng Group.
The unit, edotco, recently cancelled a $940-million deal to acquire 13,000 towers from a unit of Pakistan Mobile Communications as regulators failed to provide all approvals for the transaction to go through.
The proposed deal is based on an enterprise value of $1.6 billion, Sapura said.
FWD, owned by tycoon Richard Li, is acquiring the British lender’s 49% stake in HSBC Amanah Takaful (Malaysia) Bhd initially.
The group is actively looking to expand in key regions such as the Middle East, Africa, Latin America, Caspian and Mediterranean as well as South East Asia and Australia.