By Juliet Shwe Gaung
This makes it the largest single investment made by ADIF among its 14 portfolio companies to date.
It aims to close its $76-million fourth fund by the end of third quarter this year.
TNB had last year acquired a 50% stake in a 365MW solar power asset in the UK from a subsidiary of Terraform Power for $607.6 million.
Vickers Venture Partners already has offices in Shanghai, Hong Kong, Singapore, New York and San Diego.
The sale raises approximately $902 million of cash proceeds and gives AirAsia’s unit, Asia Aviation Capital Ltd, an enterprise value of $2.85 billion.
The loss from a failed 12-year foray in the Indian wireless market marks Malaysian tycoon T. Ananda Krishnan’s biggest-ever hit on a soured investment.
Healthcare tech firm BookDoc has announced a partnership with Indonesia’s Siloam Hospital Group to enter the Indonesian market.
The investment in Ximmerse, which is part of MYEG’s overall expansion strategy to tap into fast-evolving technologies, marks the Malaysian company’s largest overseas investment to date.
PSA said the deal with Naza Corp formed part of the company’s “Push to Pass” strategic plan to boost sales.
FGV is looking at land acquisitions in Malaysia, Indonesia and African countries.