By Chalida Ekvitthayavechnukul
The deal is expected to be completed by February 2018.
PNB is spearheading the Sime Darby demerger into three separate businesses by the end of this month to unlock value.
The current fund raise follows a $17.4m capital raising over a year ago by iCar Asia
Malaysia Digest: Axis-REIT completes $42m private placement; Trive, JFNET solar JV
KWAP put $30m into Uber last year as its first foreign, disruptive-tech investment.
Inmagine has acquired filmmaker community platform Story & Heart and online graphics editor Vectr.
The fund plans to target investments in consumer, tech, logistics and financial services industries.
Edra was formerly owned by state fund 1MDB and was seeking a $1-3 billion IPO.
The deal will provide GHL with immediate access to the Vietnam market.
Jumia’s portals are existing competitors to Frontier’s current investments in Ghana (meQasa), Nigeria (ToLet) and Angola (AngoCasa).