Gobi Partners promotes Kenneth Tan, Taraec Hussein to VPs in ASEAN team


Shanghai and Kuala Lumpur based venture capital firm, Gobi Partners, Tuesday said it had had elevated two of its investment associates –  Kenneth Tan and Taraec Hussein – to position of Vice President, in its ASEAN team. The development comes even as Gobi is set to announce the second close… Read more »

Abu Dhabi’s IPIC says Malaysian fund 1MDB has paid settlement amount in full

1MDB was required to pay IPIC about $600 million by Dec. 31, as part of a settlement agreement reached in April.

Malaysia: Wah Seong sells plantation unit; TFP Solutions launches Bangladesh JV

Wah Seong has divested its struggling plantation arm while TFP Solutions have entered Bangladesh via a joint venture. (JV) with Maestrosoft Ltd.

Malaysia: HelloGold-Boost pact; Affin ups stake in AXA Affin

HelloGold partners Axiata Digital’s Boost mobile wallet and Affin Holdings has acquired a larger stake in AXA Affin.

Axiata launches $15m VC fund to support Lankan startups

The Digital Innovation Fund will invest between $326,500 to $1.3 million in each company, while 20 percent of the fund will be set aside to seed startups that seek investment below about $261,200.

Malaysia: MyEG’s venture arm picks stake in tech firm Stampede Holdings for $2.5m

The investment in Stampede marks MY EG Capital’s largest funding to date. 

PE Affinity Equity Partners to acquire Laureate Education’s MY assets for $180m

The sale comes soon after it disposed of its assets in Italy and Cyprus for $263m.

Malaysian pension fund KWAP picks 45% in Vortex Solar Investments

Vortex Solar has acquired 365 MW of solar PV producing assets in the United Kingdom from TerraForm Power in January 2017.

People Digest: Ward Howell launches PE practice; Khazanah Research names chief

Ward Howell has initiated its recruitment practice covering the private equity space while Khazanah Research Institute has appointed Tan Sri Andrew Sheng as chairman.

Malaysia: AirAsia hopes to finalise leasing unit deal by March

Talks have been underway for more than a year to sell a stake in the leasing unit.