AirAsia will open its digital business arm RedBeat to outside investors within the year ahead of a possible IPO, as it strives to become the "Amazon
Russia’s Yandex.Taxi may issue new shares in IPO, says top shareholder
Disney in talks to invest in Indonesia’s MNC Group unit
L Catterton Asia LPs mull third fund’s fate as spin-out triggers key man clause
OYO to set aside $100m for hiring, boosting infrastructure in China
Grab backs $8m Series A round for London-based Splyt Technologies
Myanmar’s Irrawaddy Green Towers on the block as PE investors seek exit
Sieu Viet Group acquires Vietnamese HR platform MyWork
Indonesian coffee startup Kopi Kenangan grabs $20m funding from Sequoia India
Indonesian P2P lender KoinWorks closes $12m Series B funding round
Temasek backs Sembcorp Industries’ $1.1b bond issue
The Malaysian PM called the amount "little" compared with the "huge killing" the bank made.
Investigators allege about $1 billion in 1MDB funds flowed into the bank accounts of former PM Najib Razak.
TPG Capital Asia will provide financing to the investment vehicle buying the business as well as strategic and operations support.
It is in advanced talks to sell a portion of its 40% Weststar holding to the company’s controlling shareholder, Malaysian businessman Syed Azman Sye
Policy & Regulations
Malaysian agencies under different ministries are in charge of tech-related matters, including MaGIC, Cradle Fund and Malaysia Digital Economy Corpora
Women make up more than 30% of the boards of top Malaysian lenders.
The new fund will target 25-30 investments in seed to pre-Series A startups with an average ticket size of around $250,000.
Startups participating in NEXEA's program will get mentoring support and have an opportunity to get funded by the VC and its co-investment partners.
The fund aims to provide capital appreciation of 12% internal rate of return per annum at the end of its maturity.
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