Ekuinas Tranglo

Malaysia’s Ekuinas divests stake in mobile transaction gateway Tranglo to TNG for $27.6m


The divestment gives Ekuinas an IRR of 26.8% and money multiple of 1.96 times the capital invested.

MY: Soft Space group CEO steps down, next funding round still on track

Chang will also relinquish his role as a director but will remain a shareholder in Soft Space.

CIMB expects more M&As as Malaysia seeks to pare stakes in state firms

Bankers see opportunities in transactions that could emerge from sovereign wealth fund Khazanah Nasional’s portfolio rebalancing, or at other government-linked investment companies.

Malaysia Digest: Nestle sells businesses; Hibiscus Petroleum buys UK oilfields

Nestle (Malaysia) Bhd is disposing its chilled dairy and manufacturing businesses to French dairy group Lactalis for $37.33 million.

Malaysia’s IHH Healthcare ups stake in Turkish subsidiary Acibadem

IHH Healthcare Bhd will increase its majority equity interest in its Turkish subsidiary Acibadem Holding from 60% to about 90%.

Asean Dealbook: Calbee exits Philippine JV; Malaysia’s Exabytes buys HostPro2U

Calbee’s exit comes as the Philippine joint venture continues to post losses since its establishment in 2014.

Malaysian SWF Khazanah says will segregate strategic and commercial investments

It was previously reported that Khazanah’s new board is in discussions to explore a change in its investment mandate.

People Digest: Nestle names new MY CEO; Malaysia Airlines chairman to quit

Nestle (Malaysia) Bhd current CEO Alois Hofbauer will depart the company on November 30 to pursue other interests and he will be replaced by Juan Aranols on December 1.

Axiata’s Asian dreams fade as rivals bid for its overseas units

Malaysia’s biggest wireless carrier received an offer from Singapore Press Holdings Ltd and Keppel Corp to buy out its stake in M1 Ltd.

Grab partners Fave to accelerate payments, food delivery biz in SG, MY

Grab sees strategic partnerships as a key part of its strategy to build new business areas and deepen existing ones.