Mirach Energy

Singapore’s Mirach Energy seeks to acquire 70% of Malaysia’s RCL Kelstar in diversification move


Mirach said the acquisition will allow its subsidiary CPHL and RCL Kelstar to jointly develop a multi-storey project in Malaysia.

Malaysia’s RHB Bank to acquire remaining 51% of Vietnam Securities Corporation

Malaysia’s fourth-largest lender by assets plans to acquire the stake for VND121.63 million ($5.37 million) in cash.

Mohd Ridzwan Nordin joins Monk’s Hill as venture partner

Monk’s Hill Ventures, a venture capital firm that invests in high-growth, post-seed stage technology startups in Southeast Asia, has announced the appointment of Mohd Ridzwan (Reez) Nordin as the firm’s venture partner, based in Kuala Lumpur, Malaysia. In a statement, Monk’s Hill Ventures said Reez will be tasked to assist… Read more »

Malaysia: A-BIO backs $5.1m strategic investment in Ain Medicare

Malaysian biotech enterprise Ain Medicare will use the proceeds for internationalisation and acquisition of a manufacturing facility.

Exclusive: Creador-backed Malaysian retailer RedCap merges with BIG Pharmacy

Creador founder and chief executive Brahmal Vasudevan told this portal that the PE firm now has a “significant minority position in the combined entity”

APAC Digest: Lelong.my buys Mataris; Japan’s Crowd Realty, Lancers raise funding

Malaysian online auction marketplace Lelong.my announced in a release the acquisition of digital marketing agency Mataris Agency for an undisclosed sum.

Alibaba to help Kuala Lumpur reduce traffic woes in first foreign project

Alibaba Cloud plans to make live traffic predictions and recommendations by crunching data gathered from video footage, traffic bureaus, public transportation systems and mapping apps.

Malaysia: COPE Private Equity exits Serba Dinamik

Malaysia-headquartered COPE Private Equity (that was earlier known as CMS Opus Private Equity) Monday said it had fully exited Serba Dinamik Holdings Berhad (Serba), after staying invested in the company for four years. COPE had invested in a subsidiary of Serba for MYR35 mil (US$9 million) in June 2013 via… Read more »

Malaysia: Naluri Hidup closes $258k seed round from BioMark, 500 Startups

The digital health startup works with insurers, employers and hospitals to offer a health psychology based preventive health programme for at-risk policyholders.

Malaysia’s Sime Darby mulling sale of stake in $1.7b Papua New Guinea arm

The Malaysian palm oil producer is considering selling 25% to 49% of the business.