AirAsia Group deputy CEO Aireen Omar has been appointed as the president of its corporate venture arm RedBeat Ventures.
AdEasy plans to use the capital raised to improve its user experience, among others.
The Kuala Lumpur-based company last raised $20 million in May in a Series B round led by Burda Principal Investments.
1337 Ventures also has plans to establish a special fund for ECF investments.
The deal is Sime Darby's largest since its pure play restructuring exercise in 2017.
London-listed Aseana Properties is reported to hold 72.41% stake in CIH while Hoa Lam Group and associates own 27.59%.
Alibaba Group president Michael Evans joined Alibaba in 2015 as one of its highest-profile recent hires.
Former Second Finance Minister Ahmad Husni said he resigned after he was told that he would be moved to another post amid his effort to restructure th
The startup plans to use the funding to expand to other markets, including Indonesia.
OCBC will take up less than 20 per cent stake in YYC Group.
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