By Ka Kay Lum
Creador IV is on track to achieve a final close at its $550-million hard cap by January 2019.
Tabung Haji group managing director and chief executive Zukri Samat said the assets are primarily real estate (20 per cent) and equity holdings (80 per cent).
For AirAsia, the deal marks another move to monetize its assets as Asia’s biggest budget airline seeks to transform itself into an asset-light, digitally focused firm.
Former Malaysian Prime Minister Najib Razak will also face new allegations, adding to the dozens of 1MDB-linked charges that he has pleaded not guilty to.
Grab’s new R&D centre in Kuala Lumpur is its seventh after Bangalore, Beijing, Ho Chi Minh City, Jakarta, Seattle and Singapore.
The freehold property will be refurbished and converted into a 200-room hotel that will operate under the Marriott International Inc’s EDITION brand.
It is to reaffirm its intention to set up a low-cost carrier in Vietnam.
A management committee will be activated as part of the transition plan to oversee the agency’s operations during the process of appointing a new CEO.
The SPV will issue sukuk to raise cash to take over the assets from the pilgrim fund.
The first WeWork office in Malaysia will have the capacity to accommodate 1,900 members, the largest in Southeast Asia.