The $240 million is not pooled into a fund-of-funds vehicle but is held individually and managed by government-linked investment corporations contribu
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The move will support the livelihood of the local motorcyclist group.
Malaysia Airlines has been struggling to transform its operations and return to profitability since two disasters struck in 2014.
The startup last raised a Series A in 2015 from Axiata Digital Innovation Fund.
AirAsia Group deputy CEO Aireen Omar has been appointed as the president of its corporate venture arm RedBeat Ventures.
AdEasy plans to use the capital raised to improve its user experience, among others.
The Kuala Lumpur-based company last raised $20 million in May in a Series B round led by Burda Principal Investments.
1337 Ventures also has plans to establish a special fund for ECF investments.
The deal is Sime Darby's largest since its pure play restructuring exercise in 2017.
London-listed Aseana Properties is reported to hold 72.41% stake in CIH while Hoa Lam Group and associates own 27.59%.
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