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.
The the oil and gas (O&G) sector is seen as belonging to the opposite end of the start-up friendly spectrum of industries. Far away from from the consumer-centric sectors like food & beverage and technology, the O&G industry is perceived to be capital intensive and with long project gestation periods; making it… Read more »
Sentinext Therapeutics has successfully completed $14 million Series B financing to further develop its vaccine against the hand, foot & mouth disease (HMFD). The funding will help advance the development of its state-of-the-art bivalent Virus Like Particles (VLP) vaccine against the disease, the company said in an official statement, adding that… Read more »
Cradle Fund Sdn Bhd, an agency under Malaysia’s finance ministry, has signed a co-investment partnership with four firms, pledging a combined amount of MYR 23 million ($7 million) over the next two years. The four investor firms are Fatfish Ventures Sdn Bhd, OSK Ventures International Bhd, Japanese firm CoEnt Venture… Read more »
Axiata Group Berhad and Malaysia Venture Capital Management Berhad (Mavcap) have signed an agreement to establish a MYR 100 million ($30 million) venture capital fund named Axiata Digital Innovation Fund (ADIF). In the first phase, Axiata will commit MYR 50 million ($15 million) to the fund while Malaysia’s largest venture… Read more »
1Malaysia Development Bhd’s (1MDB) whopping $3 billion power assets’ initial public offering (IPO) is likely in early 2015. The state fund is racing to complete its due diligence exercise and is expected to submit draft prospectus that targets February-end 2015 listing. The IPO of 1MDB Energy Bhd, largest ever in… Read more »
Malaysia based Frontier Digital Ventures (FDV), a digital investment firm, has invested $3.5 million in the Pakistani automotive portal PakWheels.com. This is FDV’s second deal in Pakistan; earlier it had invested in country’s popular property portal Zameen.com. PakWheels.com is one of the popular websites in Pakistan for buying and selling… Read more »
Mobile payments technology provider Soft Space International has made its maiden acquisition, by acquiring the Malaysian payment service provider Fasspay, for an undisclosed amount. The deal was rumored to in the eight figure range and was paid for partly in cash and partly in Soft Space equity. The move has… Read more »
Global markets are likely to see more initial public offering (IPO) activity from the Asia-Pacific region as companies seek access to funds in the foreign markets. BNY Mellon head of depositary receipts business in Asia-Pacific,Neil Atkinson said that after China-based e-commerce giant Alibaba’s historic American depositary receipt (ADR) listing, global… Read more »
Global investment firm Catcha Group, which boasts of a strong track record of investing in startups in this region, has launched a venture fund to support companies in the new media, technology and mobile space in South East Asia. The new VC division, called Catcha Ventures will invest between $50… Read more »
It is no guesswork that private equity (PE) firms want in on the action in South East Asia ( SEA). They see potential in this relatively untapped region, with its growing middle class that point to an improving consumer spending and robust economies. However, not all firms from the West… Read more »