By Quynh Nguyen
National Pension Service (NPS), a public pension fund in South Korea, has announced the appointment of Jae-Wook Lee as the Acting Head of domestic alternative investments.
The proposed deal is based on an enterprise value of $1.6 billion, Sapura said.
Malaysia’s government-linked investment companies have undergone major shake-ups since the country’s 14th general election in May 9, 2018.
Telco company U Mobile Sdn Bhd is taking up a $240 million loan to fund its expansion programmes.
The proceeds will be used for accelerating its growth plans and enabling the O2O platform to serve 100,000 offline businesses by 2019.
The startup raised the money from FirstFloor Capital, Japan-listed Capital Aucfan Co Ltd and other private investors
The programme has received commercialisation funding from external investors – both local and foreign – from 2008 to 2016
AirAsia said a preliminary agreement signed last year for a venture with China Everbright Group and the Henan government has lapsed and won’t be extended.
Its seventh fund is set to exit its investment in B Medical Systems by the end of this year.
The acquisition aligns with KWAP’s aspirations to increase its international property exposure, the pension fund said.