Axiata likely to reject Keppel-led offer for Singapore mobile firm M1


Axiata is in talks to team up with PE firms and other companies as it considers options to launch its own offer for a bigger stake in M1.

Malaysia’s pension fund EPF to increase private equity allocation

The pension fund has also added a technology mandate within its private equity programme.

Time and attendance software startup Jibble raises $1.3m

Launched in November 2017 by venture builder LaunchPad, Jibble said it is preparing for another funding round in early- to mid-2019.

CIMB chairman Nazir Razak, Malaysia’s ex-PM’s brother, to resign

After leaving CIMB, Nazir may focus on a private equity fund known as Ikhlas Capital he set up recently with several well-connected figures.

PE firm Navis may start looking at IPOs as an exit option, says co-founder Bloy

By grooming a company for IPO, the PE firm expects to receive better value, even if the company ends up being acquired by a trade buyer.

Axiata’s tower arm in talks for acquisitions over next 12 months

The unit, edotco, recently cancelled a $940-million deal to acquire 13,000 towers from a unit of Pakistan Mobile Communications as regulators failed to provide all approvals for the transaction to go through.

Malaysia’s Tenaga Nasional in talks to increase stake in green energy firms

The company is considering increasing its stake in Turkey’s Gama Enerji AS that produces electricity using water, wind and natural gas.

Malaysia’s Felda to sell London property, assets to cut $2b debt burden

Felda flagged the property sales last year when it trimmed its stake in Maybank, Malaysia’s biggest lender by assets.

MY Digest: FGV group CEO resigns; Easy Pay Transfers snags $500K

Bursa-listed global plantation company Felda Global Ventures Holdings Bhd (FGV) announced the resignation of its group president and CEO, Zakaria Arshad, effective September 18.

Axiata arm edotco ends deals to buy tower assets from Pakistan Mobile

The transaction was terminated due to the non-fulfillment of certain conditions.