By Liz Lee
Stake sale is part of ANZ’s strategy to divest minority stakes in Asia.
Tencent Holdings Ltd has applied for a license in Malaysia to offer local payment services via its WeChat Pay, in what would be a first for the platform beyond mainland China and Hong Kong, the director of WeChat Pay’s global operation told Reuters. If approved, users in Malaysia will be… Read more »
It raised 3.77b ringgit ($878m) in the IPO – the largest in Malaysia since 2012.
Firm had earlier slashed its IPO size due to lukewarm investor interest.
It reduced its public shares on offer by a fifth and lowered the IPO price range.
Offering was earlier expected to price in the 7.60-8 ringgit per share range
Fund will focus on late-stage funding of tech firms in Malaysia and rest of SEA.
The acquisition is expected to be completed in three months.
Malaysian VR Studio Havson Group has secured a round of funding from 500 Startups.
Farrington’s Algebra also proves a Non-Shariah option.