By Ka Kay Lum
Grab’s new R&D centre in Kuala Lumpur is its seventh after Bangalore, Beijing, Ho Chi Minh City, Jakarta, Seattle and Singapore.
The freehold property will be refurbished and converted into a 200-room hotel that will operate under the Marriott International Inc’s EDITION brand.
It is to reaffirm its intention to set up a low-cost carrier in Vietnam.
A management committee will be activated as part of the transition plan to oversee the agency’s operations during the process of appointing a new CEO.
The SPV will issue sukuk to raise cash to take over the assets from the pilgrim fund.
The first WeWork office in Malaysia will have the capacity to accommodate 1,900 members, the largest in Southeast Asia.
Fajar Astoria, a joint vehicle formed by Hovid MD and private equity firm TAEL Partners, made the voluntary takeover offer last October to acquire all remaining shares not owned in Hovid.
Low, popularly known as Jho Low, has been identified by Malaysian and U.S. investigators as a central figure in the alleged theft of about $4.5 billion from 1MDB.
COPE IV was launched in 2016 and had a first close at $48.2 million last October and a second close at $66.3 million early this year.
The deal will see Invesco acquiring over 1,000 units of Build-to-Rent (BtR) homes in London in Kew Bridge and Barking Wharf.