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 roundup: Tune Insurance, BrightPack

AirAsia promoters reduce stake in Tune Insurance The promoters of Malays’a -based budget airliner AirAsia Bhd‘s promoters have pared down their stake in the in the group’s Tune Insurance Holdings Bhd,last week, Both AirAsia Group CEO Tony Fernandes and chairman Kamarudin Meranun have collectively disposed 944,800 shares, held directly and indirectly through the group’s investment… Read more »


IdeaRiverRun to launch 3 new digital biz in Jan

After launching two digital platforms in 2014, Malaysia-based private investment company and incubator IdeaRiverRun Sdn Bhd (IRR) is aiming to introduce three other digital businesses in January, its chief executive Nik Lim said in an interaction with DEALSTREETASIA. Among the digital platforms, news portal launched by IRR, Cilisos.my and travel deals… Read more »


CatchThatBus: Catching second round of funding

Malaysia’s pioneering bus ticketing platform operator Catch That Bus Sdn Bhd is in talks with venture capital firms for its second funding round and expects to seal a deal within the next three months, a top company executive said. The latest funding round is set to be much larger than the… Read more »


Seeking startup funding? Be Quick – Go regional

The funding climate is changing at a scale that is unimaginable, say venture capitalists, who feel that startups should aim to build a “war-chest” of funds and even go beyond borders to raise capital. Betting against the traditional model of ‘bootstrapping first and obtaining funding later’, startups should look at… Read more »


eBay to raise stake in Metra Plasa

E-commerce giant eBay might be acquiring more shares in Metra Plasa, a joint venture between eBay and Telkom. The acquisition, eBay’s third, will change the ownership composition, increasing eBay stake in Metra to 49 per cent, from the earlier shareholding of 40 per cent. Telekom will reduce its stake accordingly from 60 per cent… Read more »


Fatfish’s unit to own 50% in FinTech via SJV

Fatfish Internet Group Ltd,  through its unit Auto Direct Corp Ltd (ADC), has entered into a strategic joint venture (SJV) with FinTech Asia Group Ltd, a firm specialising in provision of technology and service to the financial industry. Under the SJV, FinTech will acquire ADC’s Indonesian online insurance portal RajaPremi for… Read more »


Olam acquires ADM’s cocoa biz for $1.3b

Olam International Ltd has acquired Archer Daniels Midland Co’s (ADM) cocoa business for $1.3 billion, in line with its strategy to prioritise cocoa as one of the platforms for accelerated investment and growth. According to its 2014 annual report, cocoa was one of the six platforms, which have been prioritised… Read more »


Malakoff relisting may hit $1.5b, assets expanded

Independent power producer (IPP) Malakoff Corp Bhd’s re-listing may see the company sell MYR5.25 billion ($1.5 billion) worth of shares, having expanded its portfolio of power assets in the seven years since it was taken private. Local media The Star reported that the IPP has expanded its stable of power generation… Read more »


Nirvana Asia’s IPO looks at strong HK debut

Nirvana Asia Ltd, headed for an initial public offering (IPO) on the Hong Kong Stock Exchange (Dec 17), could see a strong debut as its IPO shares have been more than 50 times over-subscribed. The Malaysia-based integrated funeral services company said the shares were “very significantly over-subscribed” at 51.7 times… Read more »


Malakoff to re-list, submits proposal to SC

Malakoff Bhd has submitted its application to the Securities Commission (SC) for its proposed re-listing on Bursa Malaysia’s Main Market. The proposed initial public offering (IPO) will involved the sale of up to 1.52 billion shares or 30.4 per cent of the enlarged paid-up share capital of the company at… Read more »