By Chanyaporn Chanjaroen
In return, Malaysia offered stakes in railway and pipeline projects as part of China’s Belt and Road Initiative.
Lion Industries purchased the 50 per cent stake in 2011 and 2012 for RM38.05 million ($9.2 million) in total.
Myanmar, where Viettel and its local partners launched a $1.5-billion 4G network last year, has emerged as one of the most promising markets for the company.
The round was also joined by seed investor Commerce.Asia.
The Creador-backed firm is considering to list the business in either Malaysia or Hong Kong, and the IPO could happen by the fourth quarter of this year.
GMR Airports had signed an agreement with MAHB to acquire the latter’s 11 per cent stake in the Hyderabad airport for $76 million.
REV Asia has in its existing portfolio online brands such as SAYS, OhBulan!, RojakLah, Viral Cham, 8coin, Sirap Limau, MyResipi, Kongsi Resepi, JUICE, and Mashable Southeast Asia.
The establishment of the new fund brings the firm’s funds under management to RM4.1 billion ($990 million).
PNB has named Hanizan Hood as its new chief investment officer, effective January 1, 2019.
ACE Market-listed digital solutions provider PUC Bhd has proposed to take over the entire stake of imaging service provider Pictureworks for $40.4 million.