Malaysia Digest: GrabFood lands in KL; Media Prima eyes acquisitions and JVs


GrabFood is also available in Vietnam, Thailand and Indonesia.

Former Malaysia govt used money raised from Khazanah to pay 1MDB dues

Khazanah paid the government 1.2 billion ringgit ($301.05 million) in mid-2017 in exchange for redeemable shares owned by the finance ministry. These funds were used to pay some of 1MDB’s dues to Abu Dhabi fund IPIC.

Malaysia’s EPF acquires Polish retail mall for $351m

Last year, EPF had reportedly sought the Polish government’s approval to buy Galeria Katowicka from Meyer Bergman. 

Malaysia: Axiata says eyeing acquisitions, mulling IPO for tower unit

Axiata’s telco tower infrastructure business is managed by its subsidiary edotco Group, which operates a portfolio of 27,000 towers across Malaysia, Sri Lanka, Bangladesh, Cambodia, Pakistan and Myanmar.

Malaysia: RHB Bank names UBS Asset’s James Yeo as regional head of M&A

Yeo, 48, will start in the Kuala Lumpur-based role on August 23.

GIC, Tasman Capital acquire Navis-backed National Lifestyle Villages

The deal will see NLV backers Navis Capital and Blackstone exit their investments in the Perth-based company.

Malaysia’s EPF, PNB sound out banks for $2b loan for Battersea project

Proceeds will be used to refinance existing borrowings and complete the purchase of commercial assets being developed as part of the Battersea Power Station project’s second phase.

Malaysia Digest: PPB Group closes Hillcrest deal; Priceworth to buy Sabah concession

PPB Group on Tuesday completed the acquisition of the Armed Forces Fund Board’s 16.8 per cent stake in Hillcrest Gardens.

Malaysia: EPF active on Bursa; Aberdeen cuts stake in AEON; Kenanga-Inter-Pacific Securities talks

Kenanga Investment Bank Bhd will now commence negotiations to acquire Inter-Pacific Securities Sdn Bhd.

Grab partners with Maybank to grow mobile wallet GrabPay in Malaysia

Grab users will soon be able to use GrabPay at Maybank’s key merchants, expanding the ride-hailing and payments firm’s reach to a wider network of merchants in the country.