By Ka Kay Lum
Bursa-listed KIP Real Estate Investment Trust (REIT) has proposed to buy a mall for $51 million in cash.
FWD, owned by tycoon Richard Li, is acquiring the British lender’s 49% stake in HSBC Amanah Takaful (Malaysia) Bhd initially.
Cradle Fund acting CEO and COO Razif Abdul Aziz said the firm seeks to solidify its plan for direct equity investments through its early-stage funding programme.
The group is actively looking to expand in key regions such as the Middle East, Africa, Latin America, Caspian and Mediterranean as well as South East Asia and Australia.
Malaysian cross-border shopping site SGshop plans to raise RM500,000 ($121,682) through equity crowdfunding.
The move to sell the JV stake could be part of a divestment plan to shed some of Khazanah’s assets to trim the Malaysian government’s $250 billion debt.
The lack of competition may be pushing smaller local ride-hailing companies to cash in on the opportunity to snag market shares from Grab.
People Digest: Khazanah MD exits 3 firms; ONE Championship CFO heads China unit; Ex-Ping An leader joins tech firm
Daniel Tu, former group chief innovation officer of Ping An Insurance, has been named executive advisor to chairman of Ottawa-based technology group, autonomous_ID.
Headquartered in Istanbul, Acibadem Sigorta is Turkey’s second-largest health insurer that caters to both corporate and individual consumers.
The funding comes three months after iPrice raised a round led by LINE Ventures, the venture arm of Naver-backed LINE Corporation.