By Liz Lee
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 work currently being delivered at its operations centre in Malaysia will gradually move to other locations.
Alibaba-backed e-commerce platform Lazada has announced former Taobao executive Leo Chow as the new CEO of its Malaysian operations.
The digital classifieds operator also intends to go slow on making new investments, given the current market conditions.
The report proposed eight recommendations to the SC which include the restructuring of existing public VCs to be more commercially-driven.
Felda has been considering an exit from the deal which was signed in 2017 to acquire a 37 per cent stake in Rajawali’s Eagle High Plantations.
The lender is said to be weighing an exit from Malaysia’s Islamic banking market as fierce competition from local rivals has limited its growth prospects.
The CVC fund will focus on investments in the travel and lifestyle sectors.
Atap.co aims to help consolidate the fragmented interior designer and architect market in Malaysia via a proprietary online platform.
According to a news report, investment banking firms including Goldman Sachs, UBS, Macquarie Capital, Citi and Credit Suisse have been asked to pitch to iflix.