By Elffie Chew
The tycoon has revived deliberations about a buyout of Kuala Lumpur-based Astro, which had a market value of $1.9 billion at Monday’s close.
The transaction marks the first buyout by Advantage Partners Asia Fund and its affiliates (AP Funds) in southeast Asia.
Shell will continue to be the biggest owner in LNG Canada, holding a 40 percent stake. Other partners include PetroChina, Mitsubishi’s Diamond LNG and Korea Gas.
Former finance minister II Johari Abdul Ghani and former treasury secretary-general Irwan Serigar Abdullah have also relinquished their posts as Khazanah’s board members, effective May 30 and 23, 2018, respectively.
Myanmar Strategic Holdings Ltd has raised $3.07 million through the issue of new ordinary shares to expand its existing operations.
The company aims to plough back proceeds from the institutional and retail entitlement offers into its businesses.
A growing middle class has led to a surge in demand for travel services across the region.
The fund will provide capital financing between RM500,000 ($125,550) to RM5 million ($1.26 million) to small and medium enterprises, particularly those at early-stage, in the form of debt and/or equity.
Malaysian equipment manufacturer Mi Equipment Holdings Bhd plans to raise RM190.87 million ($47.9 million) in its upcoming initial public offering on Bursa Malaysia Securities. The listing of Mi Equipment on June 20, 2018, a manufacturer of wafer level chip scale packaging (WLCSP) sorting machines for the semiconductor assembly and packaging… Read more »
The top three startups of the pre-accelerator programme will each receive RM50,000 ($12,560) from 1337 Ventures, while InnoStart Capital will grant an additional RM75,000 ($18,839) to the top startup of the programme.