P2P lending, payment solutions, on-demand revolution are upcoming trends in SEA: Khailee Ng

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As the e-commerce and fintech sectors in Southeast Asia flourish, other emerging themes that 500 Startups has identified in the region are peer-to-peer (P2P) lending, payment solutions, enterprise services, mobile revolution and media, managing partner Khailee Ng says. These five areas, Ng believes, could produce the next startup unicorns, seeing… Read more »

CatchThatBus raises $1.5m from Jungle Ventures, 500 Startups

Malaysia’s mobile bus-ticketing engine CatchThatBus (CTB) has raised $1.5 million in a bridge round from Singapore’s venture capital firm Jungle Ventures and 500 Startups, ahead of a planned Series A raise. Operating in Singapore and Malaysia, CatchThatBus lets users book bus trips between these countries through its website/iOS/Android or Windows apps. The… Read more »


Exclusive: Teak Capital unlikely to go for another IPO, leaning towards trade sales

As Teak Capital Sdn Bhd marches on with its divestment strategy, the Malaysian venture capital fund believes its following exits will likely be trade sales, rather than IPOs. Without disclosing much, managing director Chok Kwee Bee told DEALSTREETASIA that the firm is working on divesting from most of the seven companies… Read more »


Exclusive: GCC investors keen on early stage deals in Malaysia, says Eureeca.com

Investors from the Gulf Cooperation Council (GCC) have shown a growing appetite for Malaysian businesses over the past years, equity crowdfunding (ECF) platform operator Eureeca.com notes. Eureeca.com managing director and co-founder Sam Quawasmi said this was partly due to GCC investors’ familiarity with Malaysia, which is a favoured holiday destination for many of them. “A lot… Read more »


MY Dealbook: EPF higher income, Lay Hong’s controlling shareholder acquires stake, CAB Cakaran on M&A hunt

Malaysia’s Employees Provident Fund (EPF) has recorded better income in the second quarter, poultry producer Lay Hong’s major shareholder invests into pottery producer and another poultry producer is keen on M&A deals to further expand its business EPF records 10% rise in income The Malaysian Employees Provident Fund (EPF) achieved… Read more »


IHH acquires 73.4% in India’s Global Hospitals for $194m

IHH Healthcare Bhd (IHH) is acquiring a majority stake in India-based Ravindranath GE Medical Associates Pte Ltd (Global Hospitals) for INR 12.84 billion ($194 million) cash. The healthcare group’s Singapore-based arm has entered into definitive agreements with Global Hospitals and its founder K Ravindranath, besides private investors private equity (PE)… Read more »


RHB Capital: No merger talks with AMMB

RHB Capital Bhd (RHBCap) has no plans for any mergers or acquisition (M&A) deals in the near term, as it looks to grow organically based on its reframed strategy, a top executive with the bank said  The clarification comes amidst speculation that RHB Capital Bhd had been in merger discussions with… Read more »


Viterra buys oilseed plant from Malaysia’s FGV for $143m

Viterra Inc, the agriculture unit under Glencore Plc, has agreed to buy the largest oilseed-processing plant in eastern Canada from Malaysia’s Felda Global Ventures Holdings Bhd (FGV) for C$190 million ($143.43 million) to triple its crushing capacity. Felda, the world’s third-largest palm plantation operator, said it would sell the Twin… Read more »


Exclusive: Teak Capital to stay invested in Aemulus post-IPO

Aemulus Holdings Bhd, an automated test equipment design house, which is slated for an initial public offering (IPO) on Bursa Malaysia, will be Teak Capital Sdn Bhd‘s first public-listing exit in its Teak Ventures fund portfolio. Malaysian venture capital firm Teak Capital has been invested in Aemulus since 2010, for… Read more »


Capital Markets Malaysia appoints Azhar Zabidi as CEO

The Securities Commission Malaysia‘s (SC) Capital Markets Malaysia has appointed Azhar Zabidi as chief executive officer, to head the dedicated capital markets promotion organisation. Azhar’s appointment will take effect on September 1, 2015. He will lead promotional efforts to advance the international profile of the Malaysian capital markets for investment and fund… Read more »