1MDB

China offered to bail out Malaysia’s 1MDB fund in 2016: Report

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In return, Malaysia offered stakes in railway and pipeline projects as part of China’s Belt and Road Initiative.

Malaysia’s Lion Industries to divest stake in Singapore’s Angkasa Amsteel for $19.6m

Lion Industries purchased the 50 per cent stake in 2011 and 2012 for RM38.05 million ($9.2 million) in total.


Vietnam’s Viettel in talks to buy stakes in Malaysian, Indonesian telcos

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.


Malaysia’s Kumoten snags pre-Series A round led by Cradle Fund

The round was also joined by seed investor Commerce.Asia.


Creador-backed Malaysian retailer Mr. D.I.Y. exploring $362m IPO

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.


Malaysia’s MAHB ends pact with GMR to sell stake in Hyderabad airport

GMR Airports had signed an agreement with MAHB to acquire the latter’s 11 per cent stake in the Hyderabad airport for $76 million.


MY Dealbook: REV Asia picks stake in local news site; Rubberex sells Chinese manufacturing ops

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.


Malaysian PE firm Ekuinas launches fourth fund at $240m

The establishment of the new fund brings the firm’s funds under management to RM4.1 billion ($990 million).


People Digest: Malaysia’s PNB names new CIO; AmBank appoints chairman

PNB has named Hanizan Hood as its new chief investment officer, effective January 1, 2019.


Malaysia Digest: PUC buys Pictureworks Holdings; XingHe acquires prawn farm

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.