Malaysia’s Jho Low, four others hit with fresh criminal charges related to 1MDB


Low, popularly known as Jho Low, has been identified by Malaysian and U.S. investigators as a central figure in the alleged theft of about $4.5 billion from 1MDB.

Malaysia’s COPE Private Equity hits final close for fourth fund at $70m

COPE IV was launched in 2016 and had a first close at $48.2 million last October and a second close at $66.3 million early this year.

Malaysia’s Eco World inks $495m deal with Invesco to buy realty assets in London

The deal will see Invesco acquiring over 1,000 units of Build-to-Rent (BtR) homes in London in Kew Bridge and Barking Wharf.

Allianz, Mitsui advance in race for Malaysian auto insurer AmGeneral

A deal could value the Malaysian insurer at $800 million.

MY Dealbook: Cycle & Carriage pares stake in Mercedes-Benz; UMW sells land

UMW Holdings is one of the core investments of Malaysia’s state investment fund Permodalan Nasional Bhd (PNB).

Malaysian fintech Jirnexu raises $10m Series B extension led by Experian

Existing investor SBI Group, which led Jirnexu’s $11-million Series B round in mid-May, also joined the extension financing.

MY dealbook: GHL Systems picks stake in Cambodian firm; Sin Chew Media buys property

Malaysia-based payments system provider GHL Systems Bhd has acquired a 51 per cent stake in Cambodia-based Speed Pay for about $2 million.

Golden Gate Ventures opens KL office, commits $18m to Malaysian investments

The Kuala Lumpur office is the firm’s third, after Singapore and Indonesia.

Malaysia’s Khazanah to sell stake in IHH Healthcare to Mitsui for $2b

Khazanah’s shareholding in IHH will decrease to 26.05% after the sale.

Malaysia’s $480m co-investment allocation to go to GLICs, says finance minister

In its budget announcement, the government had said its co-investment allocation will be invested alongside PE and VC players in strategic sectors and new growth areas.