A sale could reportedly value the supplement producer at as much as $1 billion, including debt.
Policy & Regulations
The Southeast Asian country was set to introduce new regulations on Friday barring drivers without a PSV licence from plying the streets.
Malaysia Malakoff Corp is investing $70 million in lieu of a 40 per cent stake in Shoaiba Consortium.
Mahathir said that the proposals that have come up are mostly from local entities.
Deutsche Bank had helped 1MDB raise $1.2 billion in 2014.
NEXEA, a Kuala Lumpur-based VC firm also participated in the funding.
Deskera established a partnership with NAVER Business Platform to offer cloud services to SMEs across Southeast Asia.
The four proposals were from local firms who offered to either buy a stake in the flag carrier or to manage it.
To date, only 10 per cent of Grab Malaysia's driver-partners have successfully obtained their PSV licence.
SME Corp. Malaysia has appointed Warisan Quantum Management and RHL Ventures to manage the fund.
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