By Ka Kay Lum
The venture fund was established by Sunway to invest in Southeast Asia and Hong Kong-based startups. Sun SEA Capital has invested the first $5 million into the fund.
This follows prime minister Mahathir Mohamad’s comments in local media saying Khazanah has “deviated from assisting bumiputra objective”.
iflix last raised $133 million in September 2017 in a round led by US-based Hearst Communications and Singapore-based EDBI as well as clients of DBS Private Bank.
Cyberview Sdn Bhd has shortlisted five startups to join its four-month Cyberview Living Lab Accelerator programme.
Creador IV was launched this February with a target of $500 million.
The capital infusion is expected to sustain dahmakan’s operations for the next 15 months before the startup raises another round.
Razer acquired Malaysia-based online and offline payments firm MOL Global for about $61 million in May.
LICB will take over Megasteel’s land and buildings, plant and machinery, and floating assets and will assume its debts.
The charges relate to funds that allegedly went from SRC International into Najib’s personal bank account, but are only a fraction of the total amount allegedly misappropriated from 1MDB.
Najib’s arrest was in relation to a probe into SRC International, a former 1MDB unit.