People Digest: Korean pension fund, Amundi Malaysia announce new appointments


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.

Malaysia’s Sapura to sell 50% stake in upstream business to Austria’s OMV

The proposed deal is based on an enterprise value of $1.6 billion, Sapura said.

Malaysian pension fund KWAP’s CIO appointed as head of LTAT

Malaysia’s government-linked investment companies have undergone major shake-ups since the country’s 14th general election in May 9, 2018.

MY Digest: Hengyuan invests $48m in clean air project; U Mobile gets $240m loan

Telco company U Mobile Sdn Bhd is taking up a $240 million loan to fund its expansion programmes.

O2O platform Fave raises over $20m in Series B from Sequoia India, SIG Asia, others

The proceeds will be used for accelerating its growth plans and enabling the O2O platform to serve 100,000 offline businesses by 2019.

Malaysia’s office procurement startup Supplycart secures $2m Series A

The startup raised the money from FirstFloor Capital, Japan-listed Capital Aucfan Co Ltd and other private investors

Malaysia’s Cradle Fund attracts $10m seed funding for CIP Catalyst programme

The programme has received commercialisation funding from external investors – both local and foreign – from 2008 to 2016

AirAsia’s China plans in limbo after deal with local partners fails to take off

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.

PE firm Navis Capital said to seek first close of $1.75b eighth fund by year-end

Its seventh fund is set to exit its investment in B Medical Systems by the end of this year. 

Malaysia’s $35b pension fund KWAP buys two student housing properties in UK for $51m

The acquisition aligns with KWAP’s aspirations to increase its international property exposure, the pension fund said.