Liz Lee

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: ECF players, Quest Ventures now co-investors with Cradle Fund

Quest Ventures, and ECF operators – Crowdo,, PitchIn, FundedByMe and ATA Plus – make up the new group of co-investment partners with Cradle.

Malaysia’s Petronas said to partner Aramco for refinery plans

Sources quoted said the preliminary plan shows that the cost of the refinery and steam cracker plant is likely to be in the region of $12 billion.

MY Dealbook: HSS eyes IPO; Kretam CEO picks 15% in Sarawak; MAA on prowl

Recent corporate activities in Malaysia include another ACE Market IPO on the horizon, Kretam’s chief executive buying up a substantial stake in Sarawak Consolidated and MAA eyeing new businesses in the manufacturing and education services arena. HSS to IPO on ACE Market Engineering and project management services provider HSS Engineers… Read more »

Carlyle Group hires J&J’s Jesse Wu to explore deals in China’s healthcare space

Wu is expected to help Carlyle navigate China’s health-care policy changes and evaluate prospective investment targets’ management teams, as well as mentor them after Carlyle invests.

Malaysia: iflix aims for Africa, Middle East markets, after taking on Indonesia

“In the next 10 to 15 years, I don’t think cable businesses will continue to exist, and I think free-to-air businesses will get much smaller so I think there’s going to be a migration of value from traditional media to new entrants,” Britt said.

Malaysia: Green Lagoon launches ECF offering to raise $197k

The funding raised will be for the purpose of increasing its stake in two existing 1MW biogas plants to 40 per cent each. The remaining 60 per cent is owned by Cenergi SEA, a subsidiary of Khazanah Nasional.

Malaysia’ EPF to allocate $24.6b for shariah-compliant investments in 2017

At MYR100 billion, the shariah-compliant fund will be largest such in the world. EPF is the seventh largest pension fund in the world.

China: Greenwoods Investment leads $18.2m Series C in e-learning biz Entstudy

Existing investors of Tencent Holdings and Yuanxi Capital also participated in the funding.

Australia’s First State Investments to buy French infra co Coriance from KKR

Coriance operates a portfolio of 29 regulated district heating concessions in France, under which it supplies heat to residential, social and commercial buildings, and sells cogenerated electricity to state-owned utility EDF.

IFC to invest $20m in Abraaj Group’s $200m Pakistan fund

UAE-based Abraaj Group will invest in eight to 10 micro-financing projects in Pakistan via the fund, with ticket sizes ranging between $5 million and $40 million.