By Tanu Pandey
Fund will focus on late-stage funding of tech firms in Malaysia and rest of SEA.
The acquisition is expected to be completed in three months.
Malaysian VR Studio Havson Group has secured a round of funding from 500 Startups.
Farrington’s Algebra also proves a Non-Shariah option.
MBSB’s largest shareholder is the Malaysian pension fund EPF that owns 65.4%
This is third such investment since last year for the firm from wealthy families.
The new shares will increase Maxis’ free float to 37.1% from 35.1%.
Firm plans to raise $1.4b via its IPO in July.
In two separate developments in the startup space in Southeast Asia, fintech company MyCash raised over $300K in its crowdfunding campaign, while 12 teams won in the IdeaSpace 2017 startup acceleration programme in the Philippines. Cradle leads $300K crowdfunding campaign in MyCash Malaysia-based fintech startup MyCash Online raised up to… Read more »
The US government made the allegation in a lawsuit filed last week.