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’s SPAC Red Sena to raise $114m from IPO

The first food and beverage special purpose acquisition company (SPAC) in Malaysia, Red Sena Bhd, is gunning to raise MYR400 million ($114.1 million) from its initial public offering (IPO). The company will offer 800 million new shares at an issue price of MYR 0.50 each, which entail 800 million free… Read more »


Regional M&A activity climbs with 732 deals worth $73.3b

The three countries of Singapore, Malaysia and Indonesia recorded a 732 deals valued at $73.8 billion in the first 11 months of the current calendar year, American Appraisal, a firm that provides valuation and related advisory services for business, said in a report. Singapore with 346 deals, accounted for nearly 50… Read more »


Entrepreneurs need to dream big: Chok, Teak Capital

Through her years of working with entrepreneurs, Teak Capital Sdn Bhd managing director and founder Chok Kwee Bee has observed that many a time entrepreneurs do not dream big enough for their businesses. She has seen entrepreneurs treading within their comfort zones and as a venture capitalist (VC), Chok believs… Read more »


PE firm Riverside buys Malaysia’s Drex-Chem

US-based private equity firm The Riverside Co said it had acquired Drex-Chem Malaysia (Shah Alam, Malaysia), a value-added specialty chemical distributor. Both companies did not disclose deal details. This marks the PE firm’s first investment in Southeast Asia. Riverside said it plans to grow Drex-Chem Malaysia, both organically and through selected… Read more »


Crewstone brings 50 Asian co’s to VCs in US, EU & ME

Crewstone International Sdn Bhd is looking to ‘matchmake’ up to 50 innovative technological small and medium enterprises (SMEs) from around Asia with venture capitalists (VCs) in the West and Middle East in April next year. The specialised management consulting firm is collating a list of companies around the region, especially… Read more »


Malaysia: A strategic hub for expanding in SEA

South East Asian (SEA) based startups cannot afford to miss Malaysia – both due to its sizeable market and the links it has beyond the regional space, says Turkish venture capitalist Dmitry Levit. Levit, who is the founding general partner of Singapore-based Digital Media Partners, said Malaysia’s higher level of development and cultural factors… Read more »


Frontier Digital Ventures enters Myanmar with two deals

Frontier Digital Ventures (FDV) has made two landmark investments in Myanmar’s leading online automobile and property websites, marking its foray into the premier frontier market. The websites are MyanmarCarsDB.com and iMyanmarHouse.com. FDV offers participating entrepreneurs a singularly unique proposition, providing not only necessary capital, but also invaluable expertise in developing,… Read more »


Khazanah to take MAS private by year-end

Malaysia’s state investment fund Khazanah Nasional Bhd, plans to take the troubled and unprofitable national carrier – Malaysian Airlines – private by the year end; and will suspend the airline’s shares from trading in the Kuala Lumpur stock exchange from December 15. The airline made this announcement, in a filing with… Read more »


MyFreelys ready to roll out CRM platform

After spending three years in developing and refining its ‘secret sauce’ algorithm, MyFreelys Marketing Sdn Bhd is ready to roll out its customer relationship management (CRM) platform, which aims to transform retail, distribution and consumer loyalty in Malaysia. CEO Daniel Lim said the first phase of roll-out would be targeted at… Read more »


Technopreneurship accelerator Coach & Grow gets $1.2m for third season

The Malaysian Ministry of Finance has allocated MYR4 million ($1.17m) to technopreneurship accelerator initiative Coach & Grow Programme (CGP) for its third season in 2015.  CGP is a public-private partnership between Cradle Fund Sdn Bhd and industry partner, Proficeo Sdn Bhd, putting together key players in the entrepreneurial ecosystem to… Read more »