Malaysia’s IHH to halt open offer for Fortis after Indian court ruling


IHH Healthcare said that is is currently evaluating the order and seeking appropriate legal advice.

Malaysia files criminal charges against Goldman Sachs in 1MDB probe

Goldman Sachs has been under scrutiny for its role in helping raise funds through bond offerings for 1MDB.

Malaysia’s SP Setia, Sime Darby offload Battersea stakes to PNB, EPF for $2b

The transaction is expected to be completed by the first quarter of 2019.

People Digest: DCM appoints China partner; StashAway inducts ex-Khazanah ED as advisor

Early-stage global venture capital firm DCM has promoted Ray Zhao in China and Kyle Lui in the US as partners.

Malaysian tycoon Krishnan to sell German tropical resort for $256m

Krishnan, Malaysia’s fifth-richest person, has been shifting his focus to domestic investments after Aircel Ltd., an Indian wireless operator he controls, filed for bankruptcy protection this year.

Malaysia’s Creador secures $50m from ADB, raises $533m for fourth PE fund

Creador IV is on track to achieve a final close at its $550-million hard cap by January 2019.

Deal value in Malaysia hits three-year low: Duff & Phelps

The two largest M&A transactions in 2018 were done by Khazanah.

Malaysian finance ministry to take over $4.7b Tabung Haji’s underperforming assets

Tabung Haji group managing director and chief executive Zukri Samat said the assets are primarily real estate (20 per cent) and equity holdings (80 per cent).

US fund Castlelake said to strike $800m aircraft deal with AirAsia

For AirAsia, the deal marks another move to monetize its assets as Asia’s biggest budget airline seeks to transform itself into an asset-light, digitally focused firm.

Former 1MDB president set to be charged in audit tampering case

Former Malaysian Prime Minister Najib Razak will also face new allegations, adding to the dozens of 1MDB-linked charges that he has pleaded not guilty to.