Malaysia’s Cradle Fund invests in e-fulfillment startup TresGo


TresGo will use the funds to develop its cloud-based copyright system which will enable all the operations to be viewed by their merchants in real time.

Malaysia’s proptech startup NEXPlatform raises $189K from Cradle Fund

The startup will use the fresh capital to upgrade its platform and service, and for team and market expansion.

CIMB said to appoint Jefferi Hashim as next investment banking CEO

Jefferi, currently deputy CEO of the investment bank, will start his new position in March.

MY Digest: EquitiesTracker to raise $1.7m; Straits Inter Logistics pares stake

Equity investment research platform EquitiesTracker Holdings Bhd (ET) is seeking to raise RM7.14 million via a LEAP listing on Bursa Malaysia.

MY Digest: Nexea backs 3 startups; Boustead sells hotel; SDB announces share swap

Malaysia-based accelerator and VC firm Nexea has invested RM1.7 million ($416,000) in three local startups.

MY Digest: Berjaya Land ventures into Iceland; Bank Pembangunan, Maxis make new appointments

Berjaya Land Bhd has proposed to fully acquire Iceland-based company Gerisgata 11 EHF (GE11) and settle its loan for a collective amount of $13.99 million.

Malaysia’s Khazanah to declare $240m dividend payout for 2019

Among Khazanah’s biggest divestments last year was 16 per cent stake sale in IHH Healthcare Bhd to Japan’s Mitsui & Co. Ltd for $2 billion in cash.

Malaysia’s EPF to tap new markets, greater PE play but equities to remain mainstay

The fund recorded a gross investment income of RM50.88 billion ($12.48 billion) in 2018.

Khazanah asks Malaysia Airlines to produce turnaround plan

Ringgit weakness and escalating jet fuel costs have caused the Malaysian carrier to miss two profitability deadlines.

Malaysia’s Khazanah looks to reset strategy to replenish govt coffers

The fund will look to trim stakes in companies identified as non-strategic to 15-25% and reduce its physical presence in locations such as London, Mumbai and Silicon Valley.