By Ka Kay Lum
Trade or secondary sales are definitely the most attractive exit channel right now and investors are not relying on the IPO markets, said Bain & Co. partner Suvir Varma.
New Prime Minister Mahathir Mohamad is keen to make the fund leaner and use sale proceeds to cut massive debt piled up in the 1MDB scandal.
Malaysian corporate DRB-Hicom is selling its entire 97.37% in waste management firm Alam Flora for $232.65 million.
A former top executive with 1MDB and a senior lawyer at the fund who worked with Goldman Sachs Group Inc. are among six people targeted in a Swiss criminal probe into the multibillion-dollar scandal
The OSK-SBI Dynamic Growth Fund will focus on investments in private startups in the ASEAN region and have a lifespan of five years.
The appointments of four directors takes immediate effect while the managing director will be selected at a later date
KKR & Co is looking to invest in a logistics centre based in Incheon, South Korea.
Mahathir stressed that it is the prime minister’s prerogative to appoint the fund’s new board members, re-designation to other entities and to retain some of them to allow for continuity.
Sumitomo is also seeking collaboration in fintech and IoT with Axiata Digital as a strategic partner.
The acquisition will allow edotco to expand its presence and improve the operational efficiency of tower infrastructure in Kedah.