By Tanu Pandey
Axiata said it instead plans to focus on further collaboration with Telekom Malaysia, with which it parted ways in 2008.
Ruchi Soya is currently undergoing bankruptcy proceedings under India’s National Company Law Tribunal.
HSPB will acquire 33.5% stake from Kretam CEO Freddy Lim and another 21.5% from Santraprise.
Foreign insurance firms need to jettison at least 30% of their domestic businesses by the end of June to comply with Malaysia’s new foreign ownership rules.
Its cryptocurrency product, dubbed GOLDX, was launched at the end of last year.
The latest deal brings Aidijuma’s total venture investments to $20 million.
Vynn has reportedly already mopped up $10 million for its maiden fund.
The wealth fund expects as much as $300 million from the sale and will invite potential investors later this month.
The fund, COPE Opportunity 4 that was launched in 2016, had marked its first close at MYR 200 million earlier.
Grove offers Catcha Group’s eight predictions for the Southeast Asian technology space over the next 24 months.